Surplus Earnings.
Milwaukee City Charter § 14-08
in effect14-08. Surplus Earnings.
1. The common council may by resolution duly passed appropriate the surplus earnings of water works, plant or systems to the general fund, provided, however, that in case there is a bonded indebtedness against said water works, plant or system, then and in that case not any of such surplus earnings shall be appropriated and used unless there is on hand a sufficient sum of money to pay one year=s installment on principal and interest.
2. Whenever the surplus water fund of any such city is sufficient or shall exceed the sum required to pay two years installment on principal and interest of its bonded indebtedness, then and in that case the common council in any city may by resolution or ordinance exempt the various city departments, public schools, parks and fountains of such city from paying water rates. (HISTORY: SS. 1 and 2, Ch. 469, L. 1905.
14-08-1 am, File #090427, Sept. 22, 2009; eff. Dec. 9, 2009.)
Source: City of Milwaukee Legislative Reference Bureau, Milwaukee City Charter and Code of Ordinances (city.milwaukee.gov master PDFs)URL: https://city.milwaukee.gov/ImageLibrary/Groups/ccClerk/Ordinances/City-Charter/CH14.pdf#page=3Fetched: 10/26/2026