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Security deposits will be refunded to the individual in the following manner prescribed:

A. Termination of Service. Upon termination of service, the deposit will first be applied against any amount owing and then the residual will be refunded to the individual.

B. One Year of Prompt Payment. Any individual who has proven his financial responsibility by making payments promptly for service rendered for a period of one year or more will be refunded any deposit on the books. [Ord. 82-3-O, 1982. Formerly §13.01.047].