There is hereby established a fund to be known as the Water Debt Service Fund. The Treasurer shall keep this separate account for monies received from assessments or connection (tap-in) charges, and any expenditures from the Fund shall be used to pay debt service charges on bonds and notes issued by, and to repay other obligations entered into by, the Village, in connection with water improvement projects, including, without limitation, any obligations entered into by the Village with the Ohio Public Works Commission, the Ohio Water Development Authority or any other public body.
(Ord. 2676. Passed 11-14-95.)