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sw Page 15 14W the Waterworks Depreciation Fund, and to leave a balance equal to at least 140% of the average amount that will become due each year there- after for principal, interest and service charges on all Waterworks Revenue Bonds then outstanding which were issued hereunder or sub- sequent to the issuance of the Revenue Bonds issued hereunder. And, the City covenants and agrees that said rates shall, when necessary, from time to time be increased in an amount sufficient to provide total revenues for the hereinabove set forth require- ments and to maintain all funds provided for herein. Section..7. That none of the facilities or services afforded by the System shall be furnished without a charge being made therefor. 0 Section 8. That the City Treasurer shall be custodian of the revenues deriveO from the operation of the System and shall give bond for the faithful discharge of his services as such custodian. The amount of the bond shall be $10,000 and shall be approved by the Trustee. From and after the delivery of any bonds issued under the provisions of this ordinance, the System shall be continuously operated as a revenue producing undertaking. All moneys received by the Treasurer shall be deposited by him in such depository or depositories for the City as may be lawfully desig- nated from time to time by the City Council, subject, however, to the giving of security as now or as hereafter may be requirK by law, and provided that such Ce?ository or depositories shall hold membership in the Federal Deposin Insurance Corporation. All deposits shall be in the name of the City and shall be so desig- nated as to indicate the particular fund to which the revenues