All revenues and monies derived from the operation of the sewerage system shall be deposited in the sewerage account of the water works and sewerage fund. All such revenues and monies shall be held by the City Treasurer separate and apart from his private funds and separate and apart from all other funds of the city, and all of that sum, without any deduction whatever, shall be delivered to the City Treasurer not more than ten days after receipts of the same, or at such more frequent intervals as may from time to time be directed by the Mayor and City Council. The City Treasurer shall receive all such revenues from the sewerage system and all other funds and monies incident to the operation of such system as the same may be delivered to him or her and deposit the same in the account of the fund designated as the Waterworks and Sewerage Fund. The Treasurer shall administer such fund in every respect in the manner provided by ILCS Ch. 65, Act 5, §§ 3.1-35-40 et seq.
(`79 Code, § 51.080) (Ord. 1097, passed 11-16-87)