All monies received by the city from taxes levied for municipal and administrative purposes, from each and every license of every name, description and kind, granted by the city, and the amount of all fines and penalties received for the violation of provisions of this code and all monies now on hand, not otherwise appropriated, and all other monies not designated by law for any other fund, are hereby set aside for the current expenses of the city, and for the payment of the interest upon its legal, valid, outstanding bonded indebtedness and any sinking funds therein provided for, and are hereby set aside and placed in the respective funds hereinafter created, named and designated.
It shall be the duty of the treasurer upon the payment of any monies into the city treasury from any of the sources set out above, to place the same aside in the fund hereafter designated, which said monies are to be used solely in the payment of warrants drawn upon the said respective funds. (Ord. 11, 9-26-1927)