§ 21-27. Disposition of trailer fees.

(a) 

The Collector shall maintain a register showing all license fees deposited under § 21-26 and the trailer owners from whom collected, and shall hold such license fees in a separate escrow bank account.

(b) 

The Collector shall credit the amount of such license fees to the total amount of taxes payable by the trailer owner on September 1 in each year; and shall credit the balance, if any, to the taxes that will be payable on the following March 1. Both credits shall be made by the Collector during the month of September, in which the first installment of taxes is due. Where license fees collected exceed taxes payable on the two tax-due dates provided for within this subsection, each trailer owner having made written application prior to October 1 following the first tax date, the Collector shall refund the amount of license fees shown by such register to have been collected from the owner in excess of the total amount of taxes so assessed against him.

(c) 

In October of each year, the Collector shall pay the amount remaining unclaimed or uncredited for taxes in said escrow account into the general fund. Such payment shall not include the license fees for the current October if already deposited in said escrow account.

Ord. of 4-29-1958, § 12