All revenues derived from these rates and charges shall be deposited in the Water Fund. The revenues shall be used only for the purpose of paying the cost of operating and maintaining the water works, providing an adequate depreciation fund, establishing a fund to pay for future construction costs due to increased requirements for cleaner water, and paying the principal of and interest on any water system bonds which may be issued by the city, including those for the water plant.
(2002 Code, § 3.41) (Ord. 43, Second Series, effective 7-1-1974; Ord. 152, Second Series, effective 1-1-1979; Ord. 74, Third Series, effective 1-10-1983; Ord. 21, Fourth Series, effective 12-15-1991; Ord. 105, Sixth Series, effective 5-22-2009; Ord. 25, Seventh Series, effective 6-5-2015)