§ 18-24. Unclaimed utility deposits and funds.

(a)

Any deposit made by a subscriber with a city utility to secure payment for or any sum paid in advance for utility services to be furnished by the city, together with any credits carried on the records of the city due to any such subscriber, less any lawful deductions, that have remained unclaimed by the person appearing on the records of the city entitled thereto for more than seven (7) years after the termination of the services for which the deposit or advanced payment was made, shall be paid over into the general fund of the city, and the account of any such subscriber closed. For the purposes of this section, the term "person" shall be construed to be inclusive of a firm, corporation, association, organization, and every other entity subscribing to city utilities.

(b)

The finance director of the city shall, by written order for each subscriber whose funds are subject to this section, effect the transfers to the general fund authorized by this section. Such orders shall indicate that they are pursuant to section 18-24 of this Code; the amount of the deposit and credits, if any, of the city utility subscriber being transferred to the general fund; that there has been no written request for such funds by the subscriber for more than seven (7) years; that city utilities have not been provided for such subscriber for more than seven (7) years; that the present address and whereabouts of the subscriber is unknown; and the date of the transfer of the funds to the general fund of the city. Such orders shall be maintained by the finance director in the permanent records of the city.

(Ord. No. 0-86-29, § 22-13, 10-21-86)