(A) Insufficient funds service fee. Any user of any of the services currently provided by the utilities of the town, who delivers any form of payment to any collections agent, financial institution, or any other intermediary or agent of the town, including the town itself, they being duly authorized to receive such funds, and is dishonored due to insufficient funds, shall be charged an insufficient funds service fee of $27.50, 5% of the amount of the payment, whichever is greater (not to exceed $250), per transaction.
(B) Authority. Such power is expressly reserved to the town under the applicable Indiana Code provision, and shall be administered strictly and in adherence to said statute.
(Ord. 1 of 2016, passed 1-11-2016)