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• • • criteria, in lieu of any required initial deposit, in an amount equal to the deposit which would otherwise have been required, provided such agreement in their judgment gives the city substantially equivalent security. (g) Beginning, simple interest shall accrue on all deposits held for more than ninety (90) days, at the rate set annually by the State Corporation Commission for the gas industry. Such interest shall continue to accrue until the deposit is refunded or until a reasonable effort is made to refund it, and this interest shall be paid with such refund. Sec. 31-153. Water rates generally. (a) Water rates shall be as follows: May -September October -April (1) Monthly service charge. $4.00 $4.00 (2) Metered water consumption, per 1,000 cu. ft . $37.65 $41.28 $28.96 $31.76 (b) This section shall not apply to special contracts for the consumption of water which have been authorized by the city council. Sec. 31-156. Sewer service charges generally. (a) Any person having a connection directly or indirectly, to the city sewer system shall pay therefor a monthly charge as follows: (1) A basic monthly service charge of four dollars ($4.00). (2) An additional charge of twG^ty seven dollars and ffYGents ($27.50) twenty nine dollars and twenty seven cents ($29.27) per one thousand (1,000) cubic feet, of metered water consumption. (b) Any water customer not discharging the entire volume of water used into the city's sanitary sewer system shall be allowed a reduction in the charges imposed under this section, provided such person installs, at his expense, a separate, City -approved water connection to record water which will not reach the City sewer system. The cost and other terms of City Code section 31-102 shall apply. For customers with monthly water consumption in excess of thirty thousand (30,000) cubic feet, where the director of finance considers the installation of a separate meter to be impracticable, the director may establish a formula which will be calculated to require such person to pay the sewer charge only on that part of the water used by such person which ultimately reaches the city sewers. Sec. 31-158. When bills payable; delinquent accounts. (a) All bills for water and sewer service shall be payable upon presentation, and shall be considered to be in arrears if not paid prior to the rendering of the next monthly billing. Any amount for which payment has not been received by the next billing date shall be subject to the imposition of a finance charge of ene (44 one and one-half (1.5) percent per month for each month until payment is made. The next billing date shall be clearly stated on each monthly statement and shall be not less than twenty-five (25) days after the date of the current billing. (b)... (b) ... (c) ... Sec. 31-159. Charge for restoring service terminated for nonpayment, diately prior to termination. (a) For turning water on again after it has been terminated for nonpayment, there shall be a charge of thirty dollars ($30.00) for normal work hours and forty eight dollars ($48.00) for overtime, payable in advance.