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limp... <br /> a <br /> ORDINANCE N0.1977-140 <br /> AN ORDINANCE AMENDING CHAPTER 262 OF THE HUGO CITY CODE, ENTITLED, <br /> "SEWER SYSTEM" TO CLARIFY THE DESIGNATION OF DESIGNATED FUNDS . <br /> The City Council of the City of Hugo, hereby ordains: <br /> Delete Section 262-16, entitled "Sewer Fund" , in its <br /> and insert in lieu thereof the following: <br /> "262-16. SEWER FUND. All funds received from the <br /> collection of assessments and Residential Equivalent <br /> Charge (REC'S) shall be deposited by the City <br /> Treasurer or other designated person, within seven <br /> (7) days after receipt thereof, and kept by him as <br /> a separate fund which shall be known as the Sanitary <br /> Sewer Sinking Fund. These funds shall be used for <br /> retirement of indebtedness incurred for the construct- <br /> ion of the Sanitary Sewer System. Connection charges <br /> and sewage use charges shall be deposited by the City <br /> Treasurer, or other designatederson, into the <br /> Utilities Fund (sewer and water) . These funds shall <br /> be used for payment of costs of operation, and main- <br /> tenance of the Sanitary Sewer System and Water System <br /> in the City of Hugo." <br /> The official copies of the Hugo City Code shall be <br /> corrected reflect the within changes upon passage <br /> and publication of this Ordinance. <br /> ADOPTED AND PASSED THIS 17thDAY OF January ,1977. <br /> "(,,,.._-_, ,.4,--7,;14e.___ <br /> MAYOR <br /> ATTEST: <br /> _kt a <br /> CITY CLERK <br /> Published in the Forest Lake Times on the ;Un - day of ,1977. <br />