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The Clerk-Treasurer shall transfer $5,000 from wastewater operating to establish the Wastewater Depreciation Fund. Thereafter, 10% of the collected monthly wastewater charges shall be deposited into this Fund each month, all pending further action by the Town Council.
(Res. 531, passed 12-27-1988; Ord. 2011-5, passed 3-14-2011)