All revenues and monies derived from the operation of the combined water and sewage system shall be deposited in the combined water and sewage account of the combined water and sewage fund. All such revenues and monies shall be held by the city treasurer separate and apart from his private funds and separate and apart from all other funds of the city, and all of said sum, without any deductions whatever, shall be delivered to the city treasurer not more than ten (10) days after receipt of the same, or at such more frequent intervals as may from time to time be directed by the mayor and city council.
The city treasurer shall receive all such revenues from the combined water and sewage system and all other funds and monies incident to the operation of such combined system as the same may be delivered to him and deposit the same in the account of the fund designated as the combined water and sewage fund of the city. Said treasurer shall administer such fund in every respect in the manner provided by the Illinois statute entitled "revised cities and villages act", effective January, 1942, and all laws amendatory thereof and supplementary thereto; provided, however, that if there shall be any conflict between the provisions of the "revised cities and villages act" or the provisions contained in this section and the provisions and requirements contained in the bond indenture ordinance passed by the city council to finance improvements to the water and sewer system, the provisions of the bond indenture ordinance shall, in all respects, control. (Ord., 6-19-1989)