(a) The net revenue from sewer rentals shall be sufficient to meet any or all of the following classes of expenses:
(1) The amount expended annually by the Borough for the operation, maintenance, repair, alteration, inspection and depreciation of such sewer, the sewerage system and the sewage treatment works and any other expenses in connection therewith;
(2) Such annual amount as may be necessary to provide for the amortization of the indebtedness incurred or the nondebt revenue bonds issued by the Borough in the construction or acquisition of such sewer, the sewerage system and the sewage treatment works and the interest thereon, in order that such improvements may become self-liquidating;
(3) Such annual amount as may be sufficient to pay the amount agreed to be paid annually under the terms of any contract with any authority or private corporation furnishing sewer or sewage treatment services to the Borough; and
(4) Such annual amount as may be sufficient to establish a margin of safety of 10%.
(b) Such rentals shall be applied and disbursed from time to time in connection with the foregoing purposes as authorized by law.
(Ord. 416. Passed 3-1-39.)