921.08 DEPOSIT OF FUNDS.

   Fees received for connecting with a sewer line which has been constructed from the proceeds of an issue of notes or bonds of the City, whether such bonds are general obligations of the City or are secured by a pledge of revenue or a mortgage on real property, shall be immediately delivered by the Director of Engineering, Utilities and Inspection to the Director of Finance as officer in charge to the Bond Retirement Fund and the Director of Finance shall thereupon credit the amount of the Bond Retirement Fund. However, if the notes or bonds from which such sewer line was constructed have been retired, then the fees collected under this chapter shall be delivered by the Director of Engineering, Utilities and Inspection to the Director of Finance as custodian of the funds and shall be credited by the Director of Finance to the Sewer Fund. Any fees for connections with sewer lines acquired or constructed other than from the proceeds of the sale of notes or bonds shall be credited to the Sewer Fund.
(Ord. 1968-559. Passed 8-5-68; Res. 1998-196. Passed 10-12-98.)