(A) All revenues and money derived from the operation of the waterworks system shall be deposited in the waterworks account of the Combined Waterworks and Sewerage Fund and all revenues and moneys derived from the operation of the sewerage system shall be deposited in the sewerage account of the Waterworks and Sewerage Fund. All such revenues and moneys shall be held by the City Treasurer separate and apart from his or her private funds and separate and apart from all other funds of the city and all of said sums, without any deductions whatever, shall be delivered to the City Treasurer not more than ten days after receipt of the same, or at such more frequent intervals as may from time to time be directed by the City Council.
(B) The City Treasurer shall receive all such revenues from the waterworks and sewerage system and all other funds and moneys incident to the operation of such system as the same may be delivered to him and deposit the same in separate accounts of the fund designated as the Waterworks and Sewerage Fund of the city, and said Treasurer shall administer such fund in every respect in the manner provided by statute of the “Revised Cities and Villages Act,” and the Illinois Municipal Code.
('71 Code, § 8-6-10(F)) (Ord. 2566, passed 4-28-86; Am. Ord. 2953, passed 1-10-95)