A. There is hereby created a fund to be known as the Sewerage Facilities Fund.
B. The Director is hereby authorized to use monies available in the Sewerage Facilities Fund for financing the construction of outlet sewers for which the City is obligated by accepting charges in accordance with § 5.02.220, subject to Council approval.
('65 Code, § 29-25) (Ord. No. CS-666 § 1(16))