As soon as the sewage works becomes revenue producing, all revenues derived from the operation of the sewage works and from the collection of sewage rates and charges shall be segregated and kept separate and apart from all other funds and bank accounts of the town. Out of the revenues the proper and reasonable expenses of operation, repair and maintenance of the works shall be paid, the principal and interest of all bonds and fiscal agency charges of bank paying agents shall be paid, and the costs of replacements, extensions, additions and improvements shall be paid as hereinafter provided. No monies derived from the revenues of the sewage works shall be transferred to the General Fund of the town or be used for any purpose not connected with the sewage works so long as any bonds payable from the revenues of the sewage works are outstanding.
(1989 Code, § 32.09) (Ord. SB-83, passed 9-21-1987)