(A) All revenues and money derived from the operation of the system shall be deposited in the Waterworks and Sewerage Account. It shall be the duty of the City Clerk to render bills for service and all other charges in connection therewith and to collect all monies due thereon. Said Clerk shall be covered, to the maximum amount on hand at any time, by an approved corporate surety bond.
(B) All such revenues and monies shall be held by the City Clerk separate and apart from the Clerk’s private funds and separate and apart from all other funds of the city and all of said sum, without any deductions whatever, shall be delivered to the City Treasurer not more than ten days after receipt of the same, or at such more frequent intervals as may, from time to time, be directed by the City Council.
(C) The City Treasurer shall receive all such revenues from the system and all other funds and monies incidental to the operation of such system as the same may be delivered to him and deposit the same in the account of the and designated as the Waterworks and Sewerage Fund for the city. Said Treasurer shall administer such fund in every respect the manner provided by the statute of the State of Illinois, Chapter 24 of the “Revised Cities and Villages Act,” effective January, 1942 and all laws amendatory thereof and supplementary thereto of 1978.
(Ord. 651, passed 8-21-95)