The funds received from the collection of the rates and charges hereinafter provided for shall be deposited as received with the Finance Director, who shall keep the same in a separate fund designated the "Sewer Revenue Fund." Subject to the provisions of any revenue bonds for the system, moneys in the Fund shall be used for the payment of the cost and expense of operation, maintenance, repair and management of the system and for payment of debt charges on bonds issued for extensions and improvements of the system. Any surplus in the Fund over and above the requirements hereinbefore mentioned may be used for enlargements of and replacements to the system and parts thereof.
(Ord. 95-20AC. Passed 4-3-95.)