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There is created a fund to be known as the water/sewer utility fund into which shall be paid all revenues received from the operations of the water/sewer utility created by PMC 13.10.010 or from the sale of bond proceeds and out of which will be paid all expenses for the purchase, improvement and extension of water/sewer utility and all expenses in connection with the operation and maintenance of the same. [Ord. 4096, 2013; Code 1970 § 3.147.010.]