The legislative body shall provide for the establishment, from the net revenues of such waterworks system, of a sinking fund for the payment of the bonds and interest thereon and any charges connected therewith, plus ten per cent of the amount required for such payment, as a safety margin. Any surplus from the bond proceeds over the cost of establishing the system shall be paid into said sinking fund.(1949 Rev., S. 756.)
Connecticut Legal Code
§ 7.237
Connecticut Title 7 — Connecticut law
Source: https://www.cga.ct.gov/current/pub/chap_102.htm#sec_7-237· Version 2026