The funds received from the collection of the rates and charges hereinafter provided shall be deposited as received with the Director of Finance, who shall keep the same in a separate fund designated “Sewer Revenue Fund”. Subject to the provisions of any ordinance or indenture of mortgage authorizing the issuance of and securing mortgage revenue bonds for the sewerage system, moneys in the Fund shall be used for the payment of the cost and expense of operation, maintenance, repair and management of the sewerage system and for payment of debt charges on bonds issued for extensions and improvements of the sewerage system. Any surplus in the Fund over and above the requirements hereinbefore mentioned may be used for enlargements or any replacements to the sewerage system and parts thereof.
(Ord. 1979-11. Passed 1-30-79.)