(A) There is hereby established for the Sanitary Sewer Utility a Sewage Works Bond Anticipation Note Account/Fund.
(B) The proceeds received by the town as a result of the closing of the financing transaction pursuant to the Bond Anticipation Note Purchase Agreement shall be deposited into the Fund.
(C) The funds within the established Fund may be utilized for the purposes permitted and authorized by the provisions of Ordinance 625, as amended from time to time, and all applicable statutory authority, as amended from time to time.
(Ord. 628, passed 9-23-94)