§ 2458 — Care of funds

(a) Collectors.--Collectors shall be appointed by the commissioners, in accordance with section 2454 (relating to powers of commission), who shall collect all money for water rents.

(b) Deposits.--The money collected shall be deposited weekly with the borough treasurer who shall return a receipt to the commissioners.

(c) Use.--All money collected shall be kept in a separate fund and shall be used for the purpose of repairing, maintaining and extending the water system and the construction of a new water system. All money remaining after the expenditures shall be used solely for the payment of any indebtedness on the water system and any indebtedness incurred by the borough for constructing, maintaining, improving, enlarging or extending the water system.

(d) Withdrawals.--No money shall be drawn from the fund except upon order countersigned by the president and secretary of the commission.