The funds collected under the provisions of this chapter are hereby appropriated for the following purposes, and in the following order, to wit:
(a) Such part thereof as shall be necessary to defray all costs of collecting the taxes levied by this chapter and the costs of administering and enforcing the provisions hereof.
(b) The residue thereof for general Municipal operations and for capital improvement less any amount thereof, as is required to maintain sufficient money in the Bond Retirement Fund to retire general bonded indebtedness outside the ten (10) mil limitation for the current year, to the Bond Retirement Fund.
(Ord. 93-2000. Passed 12-12-00.)