All revenues derived from the operation of the combined waterworks and sewerage system shall be set aside as collected and deposited in the Waterworks and Sewerage Fund and shall be held and disbursed in accordance with law and the revenues shall be kept in a bank account separate and distinct from all other funds or bank accounts of the city, and proper records and accounts, separate and apart from all other records and accounts, shall be maintained as provided by law.
(1994 Code, § 51.25) (Ord. 55, passed 1-22-1951)