The town owns and operates a waterworks system which supplies the town and its inhabitants with water for sanitary purposes. In return for the use of and the service rendered by the waterworks system, the town shall fix and charge reasonable rates to its customers, and the rates charged shall be based on the use of water supplied by the waterworks system pursuant to and in the manner prescribed in I.C. 8-1.5, and all acts amendatory thereof or supplemental thereto. The term “waterworks”, “water system”, “system” and “waterworks system”, where used in this subchapter, shall be construed to mean and include the existing waterworks system owned by the town and all extensions, additions, improvements and/or replacements made to the system either at the present time or in the future.
(Prior Code, § 8:1:01) (Ord. 78-W-101, passed 2-1-1978; Ord. 78-W-104, passed 5-19-1978; Ord. 1982-01, passed 1-20-1982; Ord. 82-45, passed 5-4-1983; Ord. passed 5-1-1969; Ord. 86-2, passed 6-18-1986; Ord. 86-3, passed 11-5-1986; Ord. 92-04, passed 12-2-1992; Ord. 94-02, passed 6-15-1994; Ord. 2005-7, passed 8-15-2005)