(A) The City Waterworks shall require a cash deposit from all applicants for service for each separate living unit in the amount provided by in § 53.23 below. This deposit shall be applied to the water bill due at the termination of service, if any. The deposit or the balance due after payment shall be returned to the user upon termination of service. The deposit shall not bear interest during the period of time that the deposit is held by the city.
(B) Unclaimed water meter deposits.
(1) Any water deposit refund that remains unclaimed after one year shall revert to the Water Department; and
(2) Those funds shall be receipted into the Water Operating Fund.
('74 Code, § 50.19) (Ord. 1357, passed 4-1-46; Am. Ord. 98-5, passed 4-13-98; Am. Ord. 2005-14, passed 11-14-05)