65 ILCS 5/ Illinois Municipal Code.

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65 ILCS 5/11-129-11

(65 ILCS 5/11-129-11) (from Ch. 24, par. 11-129-11)

Sec. 11-129-11.

All revenue derived from the operation of a
water-supply system, improvement or extension constructed or acquired
under Section 11-129-9 shall be set aside as collected and deposited in
a special fund designated as a municipal water fund for the particular
locality.  The fund shall be used only for the purpose of paying the
cost of operating and maintaining the water-supply system, improvement
or extension, providing an adequate depreciation fund, and paying the
principal and interest on the bonds issued by the municipality under
Section 11-129-9 for the purpose of constructing or acquiring the
system, improvement or extension.

(Source: P.A. 80-1382.)

65 ILCS 5/Art. 11 Div. 130

(65 ILCS 5/Art. 11 Div. 130 heading) DIVISION 130.

CONSTRUCTION AND PURCHASE

OF WATERWORKS

65 ILCS 5/11-130-1

(65 ILCS 5/11-130-1) (from Ch. 24, par. 11-130-1)

Sec. 11-130-1.

Any municipality may purchase or construct waterworks or
construct improvements to its waterworks as provided in this Division 130.

(Source: Laws 1961, p. 576.)

65 ILCS 5/11-130-2

(65 ILCS 5/11-130-2) (from Ch. 24, par. 11-130-2)

Sec. 11-130-2.

The term "waterworks", as used in this Division 130, means
and includes a waterworks system in its entirety or any integral part
thereof, including mains, hydrants, meters, valves, standpipes, storage
tanks, pumping tanks, intakes, wells, impounding reservoirs, or
purification plants.

(Source: Laws 1961, p. 576.)