(A) All the revenues and moneys derived from the operation of the combined waterworks and sewerage system shall be held by the Director of Finance separate and apart from all other moneys that may come into his hands as Director of Finance or otherwise and shall be deposited in a separate bank account and all of such sums, without any deductions whatsoever, shall be delivered to the Village Treasurer not more than 5 days after the receipt of the same or at such more frequent intervals as may from time to time be directed by the President and Board of Trustees.
(B) The Village Treasurer shall receive all of the revenues from the combined waterworks and sewerage system and all other funds and moneys incident to the operation of such combined system as may be delivered to him by the Director of Finance, and he shall deposit the same in a separate bank account which shall be accounted for as a separate fund designated as the “Water and Sewer Fund” of the Village. The Village Treasurer shall administer such Water and Sewer Fund in every respect in the manner provided by law.
(1997 Code, § 8.04) (Ord. 68-13, passed 10-24-1968)