The funds received from the collection of sewer rentals shall be deposited daily with the Finance Director and shall be kept in a separate and distinct fund known as the Sewer Fund. The Fund shall be used for the payment of the cost of the management, maintenance, operation and repair of the sewerage system and sewage pumping, treatment and disposal works. Any surplus in such Fund may be used for the enlargement or replacement of the system and works, for the payment of the interest on any debt incurred for the construction thereof and for the creation of a sinking fund for the payment of such debt, but shall not be used for the extension of a sewerage system to serve unsewered areas or for any other purpose.
(Ord. 37-88. Passed 4-26-88.)