Each and every waterworks corporation holding consumer deposits shall keep on hand for distribution to its consumers printed circulars, over its corporate or business name, which circulars shall be entitled “TERMS AND CONDITIONS UPON WHICH CONSUMERS' DEPOSITS ARE COLLECTED, HELD, AND MAY BE WITHDRAWN” and which shall contain a copy of this Part, a copy of Public Service Law, section 117 (as added by L. 1976, ch. 557) and such other pertinent information as the corporation may elect. Every such corporation, prior to or upon exacting a deposit, shall furnish a copy of said circular to the consumer or applicant for service from whom a deposit is demanded.