There shall be established a Water Fund into which there shall be paid all funds and moneys derived from the revenue of the water system. The money in such Fund shall be used for the reasonable expenses of operation, maintenance and repair of the waterworks system, and of replacements to such system, at the specific direction of Council. From the Fund there shall be set aside, in a separate account, an amount of at least twenty-five thousand dollars ($25,000), to be used from time to time for repair, maintenance and replacement of water lines and the water system.
(Ord. 570. Passed 11-14-88.)