13-2408.Deposit and use of revenue; transfer of moneys, when.
All revenues derived from the sale and consumption of water and from the
management and operation of waterworks, shall be deposited, daily, in the
city treasury to the credit of the waterworks department, and be kept in a
separate fund, to be known as the waterworks department fund; and such
revenues shall be used exclusively for the operation, maintenance, renewal
and extension of the waterworks and in paying off the bonded indebtedness
created for the purchase price thereof, or interest charges on such
indebtedness and for no other purpose, except, it shall be lawful for the
board of commissioners in cities of the first class having a population of
less than twenty-five thousand (25,000), and which has adopted the commission-manager
form of government, to use any surplus
that may accumulate in said fund for the purpose of purchasing equipment
and appliances for the fire department of such city. In cities of the first
class having a population of
more than one hundred twenty-five thousand (125,000) and less than one hundred sixty
thousand (160,000) the governing body thereof may transfer funds from the
water department to pay the pensions of former employees of the water department.
Any member of the board of commissioners who shall vote for, or aid, in
the transfer or use of such revenues for any private purpose or for any
other department of the city government, except as herein provided, shall
forfeit his or her office and be liable on his or her official bond for
such misappropriation.
History: L. 1907, ch. 114, § 105; L. 1915, ch. 132, § 1; R.S. 1923, §
13-2408; L. 1933, ch. 40, § 1 (Special Session); L. 1935, ch. 117, § 1;
L. 1937, ch. 141, § 1; L. 1949, ch. 155, § 1; L. 1951, ch. 165, § 1; L.
1957, ch. 88, § 15; L. 1976, ch. 91, § 1; July 1.
13-2408.Deposit and use of revenue; transfer of moneys, when.
All revenues derived from the sale and consumption of water and from the
management and operation of waterworks, shall be deposited, daily, in the
city treasury to the credit of the waterworks department, and be kept in a
separate fund, to be known as the waterworks department fund; and such
revenues shall be used exclusively for the operation, maintenance, renewal
and extension of the waterworks and in paying off the bonded indebtedness
created for the purchase price thereof, or interest charges on such
indebtedness and for no other purpose, except, it shall be lawful for the
board of commissioners in cities of the first class having a population of
less than twenty-five thousand (25,000), and which has adopted the commission-manager
form of government, to use any surplus
that may accumulate in said fund for the purpose of purchasing equipment
and appliances for the fire department of such city. In cities of the first
class having a population of
more than one hundred twenty-five thousand (125,000) and less than one hundred sixty
thousand (160,000) the governing body thereof may transfer funds from the
water department to pay the pensions of former employees of the water department.
Any member of the board of commissioners who shall vote for, or aid, in
the transfer or use of such revenues for any private purpose or for any
other department of the city government, except as herein provided, shall
forfeit his or her office and be liable on his or her official bond for
such misappropriation.
History: L. 1907, ch. 114, § 105; L. 1915, ch. 132, § 1; R.S. 1923, §
13-2408; L. 1933, ch. 40, § 1 (Special Session); L. 1935, ch. 117, § 1;
L. 1937, ch. 141, § 1; L. 1949, ch. 155, § 1; L. 1951, ch. 165, § 1; L.
1957, ch. 88, § 15; L. 1976, ch. 91, § 1; July 1.
13-2408.Deposit and use of revenue; transfer of moneys, when.
All revenues derived from the sale and consumption of water and from the
management and operation of waterworks, shall be deposited, daily, in the
city treasury to the credit of the waterworks department, and be kept in a
separate fund, to be known as the waterworks department fund; and such
revenues shall be used exclusively for the operation, maintenance, renewal
and extension of the waterworks and in paying off the bonded indebtedness
created for the purchase price thereof, or interest charges on such
indebtedness and for no other purpose, except, it shall be lawful for the
board of commissioners in cities of the first class having a population of
less than twenty-five thousand (25,000), and which has adopted the commission-manager
form of government, to use any surplus
that may accumulate in said fund for the purpose of purchasing equipment
and appliances for the fire department of such city. In cities of the first
class having a population of
more than one hundred twenty-five thousand (125,000) and less than one hundred sixty
thousand (160,000) the governing body thereof may transfer funds from the
water department to pay the pensions of former employees of the water department.
Any member of the board of commissioners who shall vote for, or aid, in
the transfer or use of such revenues for any private purpose or for any
other department of the city government, except as herein provided, shall
forfeit his or her office and be liable on his or her official bond for
such misappropriation.
History: L. 1907, ch. 114, § 105; L. 1915, ch. 132, § 1; R.S. 1923, §
13-2408; L. 1933, ch. 40, § 1 (Special Session); L. 1935, ch. 117, § 1;
L. 1937, ch. 141, § 1; L. 1949, ch. 155, § 1; L. 1951, ch. 165, § 1; L.
1957, ch. 88, § 15; L. 1976, ch. 91, § 1; July 1.
