The Governing Body, in its discretion, may require a service deposit from any or all customers of the Municipal Sewer and Water Department in a sum set by the Governing Body and filed in the office of the Municipal Clerk for public inspection at any reasonable time. From the said fund shall be deducted all delinquent sewer and/or water charges. The deposit shall be collected by the Municipal Clerk who shall immediately turn the same over to the Municipal Treasurer who shall keep the deposit in a trust fund for customers of the Municipal Sewer and Water Department. The said fund shall be put out at interest separate and apart from other funds. Interest arising therefrom shall be expended solely for the repair of equipment and property belonging to the Municipal Sewer and Water Department. (Ref. 17-925.01 RS Neb.) (Amended by Ord. No. 535, 2/19/02)