Sec. 26-87. - Deposit.
A cash deposit or suitable guarantee, as approved by the electric utility board, not exceeding twice the highest bill, may be required of any customer or person before electric service is supplied. The electric utility board may enter into an agreement with the gas utility board and the waterworks utility board to establish a combined utility deposit; to establish a minimum deposit for all types of service and to distribute the proceeds from these deposits. Interest may be accumulated on these deposits from October 1, 1973, at a rate as may from time to time be determined by the boards and will be added to the deposit at the time service is terminated. The deposit, plus accumulated interest, may be applied against any unpaid bills of the customer and if any balance remains after such application is made, such balance shall be refunded to the customer.
(Code 1982, § 16-52; Ord. No. 15-908, 12-17-2015)