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The funds received from the collection of the rates and charges provided in Section 925.05 shall be deposited daily with the City Treasurer, 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 and securing the issuance of mortgage revenue bonds for such system, moneys in such Fund shall be used for the payment of the cost and expense of the operation, maintenance, repair and management of the system, and for the payment of debt charges on bonds issued for extensions and improvements of such system and any surplus in such Fund over and above the requirements before mentioned may be used for additions, betterments, enlargement and replacement of the system and parts thereof.
(Ord. 106-77. Passed 12-7-77; Ord. 49-2019. Passed 5-20-19.)