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In those instances where notice of public hearing or an election is required, the clerk shall require a deposit of a sum deemed sufficient by the clerk to cover the cost of publishing or posting such notices of such hearing or of holding and giving notice of such election as a condition precedent to filing of such petition. Any portion of such deposit not actually or reasonably used for defraying such costs shall be returned to the person making such deposit. (Ord. 4446 § 3, 1992; 1961 code § 2.12.080.)