The funds received from the collection of the charges and rentals provided for in this chapter shall be deposited as received with the Clerk-Treasurer, who shall keep the same in a separate fund designated as the Sewer Revenue Fund. Subject to the provisions of any ordinance or indenture of mortgage authorizing the issuance of, and securing mortgage revenue bonds for, the sewer system, moneys in the Sewer Revenue Fund shall be used for the payment of the cost and expense of operation, maintenance, repair and management of the sewer system and for the payment of debt and other charges on bonds issued for the improvements of, and extensions to, the sewer system. Any surplus in the Sewer Revenue Fund over and above the requirements hereinbefore mentioned may be used for the enlargement of, and replacements to, the sewer system and any parts thereof, or for any other lawful purpose.
(Ord. 404. Passed 5-14-70.)