Ordinance 1991-1061 - Laserfiche WebLink

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If-/ ~01151875 01/02/92 08:36 AM REAL ESTATE RECORDS F1709 CHARLOTTE HOUSTON BOULDER CNTY CO RECORDER ORDINANCE NO. ~ AN ORDINANCE ADDING A NEW CHAPTER 9.92 PERTAINING TO FRAUD BY CHECK TO THE LOUISVILLE MUNICIPAL CODE WHEREAS, the City Council of the City of Louisville has determined that it is in the best interest of the City and its citizens to prohibit the offense of fraud by check. ) ,.;? NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: SECTION 1. The Louisville Municipal Code is hereby amended to adopt a new Chapter 9.92, to read as follows: CHAPTER 9.92 FRAUD BY CHECK 9.92.010 Definitions A. "Check" means a written, unconditional order to pay a sum certain in money, drawn on a bank, savings and loan association, industrial bank, or credit union payable on demand and signed by the drawer. "Check" for the purposes of Sections 9.92.010 through 9.92.060 only, includes a negotiable order of withdrawal and a share draft. B. "Drawee" means the bank upon which a check is drawn or a bank, savings and loan association, industrial bank, or credit union on which a negotiable order of withdrawal or a share draft is drawn. C. "Drawer" means a person, either real or fictitious, whose name appears on a check as the primary obligor, whether the actual signature be that of such person or of someone authorized to dr.aw the check on such person. D. "Insuff icient funds" means a drawer' has insufficient funds with the drawee to pay a check when the drawer has no checking account, negotiable order of withdrawal account or share draft account with the drawee, or has funds in such account with the drawee in an amount less than the amount of the check plus the amount of all other checks outstanding at the time of issuance. A check dishonored for "no account" shall also be deemed to be dishonored for "insufficient funds". 1