There is created a separate fund of the city to be designated as the Water Revenue Fund, into which shall be paid all water charges, water connection charges and application and inspection fees for water service. From the Fund shall be paid all costs of operating, maintaining, connecting premises and inspection of the system according to sound accounting practice. Net revenues shall be used for improvement of the system and for other city purposes as the City Council shall from time to time determine.
(Prior Code, § 23-12) (Ord. 431, passed - -; Ord. 759, passed - -)