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SECTION 11.66 DISPOSITION OF INCOME; APPLICATION OF FUNDS

All sums paid into the Treasury on account of the Department of Public Works shall be applied, as allowed by law and as appropriated by the City of Malden, to the payment of the expenses of maintenance and operation incurred by such Director of Water Utilities; the interest requirements of all bonds and notes issued on account of the waterworks; the water assessment of the city to be paid to the Treasurer of the Commonwealth; the expenses of the extension of the works; and the balance, if any, as the City may determine.