Subject to the provisions of any ordinance or indenture of mortgage authorizing and securing the issuance of mortgage revenue bonds for sewerage system, moneys in the Fund shall be used for payment of the cost and expense of the operation, maintenance, repair and management of the system and for the payment of debt charges on bonds issued for new construction and improvements of the system. Any surplus in the Fund, over and above the requirements mentioned before may be used for the enlargement and replacement of the system and parts thereof, but shall not be used for the extension of the system to serve unsewered areas or for any other purpose whatsoever.
(Ord. 501. Passed 3-24-52.)