A. Monies Held Separate And Apart: All revenues and monies derived from the operation of the sewerage system shall be deposited in the sewerage account of the waterworks and sewerage fund. All such revenues and monies shall be held by the city treasurer separate and apart from his private funds and separate and apart from all other funds of the city and all of said sum, without any deductions whatever, shall be delivered to the city treasurer not more than ten (10) days after receipt of the same, or at such more frequent intervals as may from time to time be directed by the mayor and council.
B. Administration Of Waterworks And Sewerage Fund: The city treasurer shall receive all such revenues from the sewerage system and all other funds and monies incident to the operation of such system as the same may be delivered to him and deposit the same in the account of the fund designated the waterworks and sewerage fund of the city. The treasurer shall administer such fund in every respect in the manner provided by 65 Illinois Compiled Statutes 5/11-141-18. (Ord. 1361, 3-6-2006; amd. 2006 Code)