The village shall obtain and maintain in full force and effect such insurance on the physical properties of the sewerage works, said insurance to be of such kinds and in such amounts as are customarily carried by municipalities engaged in the operation of public sewage disposal systems. All monies received for losses under any such insurance coverages shall be used solely for the repair, restoration, or replacement of the sewerage system or of the wastewater treatment plant.
(Ord. 2009-5, passed 7-20-2009)