All earnings from user charges in excess of operation, maintenance, debt service and debt coverage shall be deposited in a separate account designated Water Meter Fund to be used only for the purchase and installation of water meters and for emergency maintenance of the water system until all services are metered. Thereafter said Fund shall terminate and any balance therein may be used for constructing new mains and other work required to expand the water system.
(Ord. 48, passed 1-7-75)