All revenues and moneys derived from the operation of the Waterworks System shall be deposited in the Waterworks Account of the Sewer and Water General Fund. All such revenues and moneys shall be held by the Village Treasurer separate and apart from all other funds of the village. The Village Treasurer shall receive all such revenues from the Waterworks System and all other funds and moneys incident to the operation of such system and shall deposit the same in the account of the fund designated as the “Sewer and Water General Fund of the Village of Frankfort.” The Treasurer shall administer such fund in every respect in the manner provided by statute of the “Revised Cities and Villages Act,” effective January, 1942.
(Ord. 1311, passed 7-16-90)