HomeMy WebLinkAbout1973 08_OPWA_Dormant Accountys Bond Charges_1973.12.04
OWASSO PUBLIC WORKS AUTHORITY
RESOLUTION NO.
WHEREASg there are numerous dormant accounts for which
security deposits are held by the Owasso Public Works AuthoritYl
and
WHE REAS u "dormant accounts" are herein defined to mean
those water, sewer and refuse collection accounts upon which
an active service charge has not been imposed for a period of
180 days, but for which a security deposit is held, and
WHEREASg it is necessary to keep records of such
dormant accounts and the Owasso Public Works Authority thereby
incurs additional bookkeeping expense for which it should be
compensated
NO\ilJ 8 TFf..EREFORE il BE IT RESOLVED by the Owasso Public
Works Authority that a bookkeeping charge of $.50 per month
shall be charged against all dormant accounts commencing 180
days after such account shall have become inactive and that
such monthly charge shall continue until such time as the
security deposit shall have become fully depleted by reason
of such bookkeeping charges.
DONE this day of December 1973
(
Trustey
Trustee
Trustee
Trustee
Trustee'