All moneys received shall be paid into the City treasury and such moneys shall apply exclusively to the payment of the expenses incurred in the construction, operation, and maintenance of the water works, including the interest and principal of any or all bonds issued and to be issued on account of the water system of the City. All moneys received shall be kept in a separate fund to be known as the water fund and shall be used only for purposes designated by this chapter.
('88 Code, Title II, Ch. 22, § 2.32(4)) (Am. Ord. 572-10-06, passed 10-2-06)