(a) All revenues and moneys derived from the operation of the waterworks and sewerage system shall be held by the Village Collector separate and apart from his or her private funds and separate and apart from all other funds of the Village. Such revenues and moneys, without any deduction whatever, shall be delivered to the Village Treasurer not more than ten days after receipt of the same or at more frequent intervals as may from time to time be directed by the Board of Trustees and its President.
(Ord. 416. Passed 11-24-64; Ord. 446. Passed 2-10-75; 1976 Code § 19-24.)
(b) The Treasurer shall receive all such revenues and moneys as the same may be delivered to him or her and deposit the same in a separate fund designated as the Waterworks and Sewerage Fund. The Treasurer shall administer such Fund in every respect in the manner provided by the provisions of Division 139 of Article 11 of the Illinois Municipal Code, effective July 1, 1961, as amended, and as provided in Ordinance 288B, passed October 23, 1964, authorizing the issuance of waterworks and sewerage revenue bonds of the Village in the amount of two hundred fifty thousand dollars ($250,000).
(Ord. 416. Passed 11-24-64; Ord. 446. Passed 2-10-75; 1976 Code § 19-25.)