The City Council, by resolution or motion duly adopted, may from time to time direct the transfer of funds from the Sewer Fund to all or any of the following:
A. Construction. The account or accounts for the construction, operation or maintenance of the sewage system.
B. Principal and Interest. The account or accounts for the payment of principal and interest on maturing bonds.
C. Reserve Fund. The account or accounts established for the Sewer Reserve Fund.