The rates hereby fixed are estimated to be sufficient to provide for the payment of the expenses of administration and operation and the expenses for maintenance of the system as are necessary to preserve the same in good repair and working order, provide for the payment of the interest upon and the principal of all the bonds as and when the same become due and payable, the creation of the reserve therefore required by this subchapter and to provide for the other expenditures and funds for the system as this subchapter may require. The rates shall be fixed and revised from time to time as may be necessary to produce these amounts, and it is hereby covenanted and agreed at all times to fix and maintain the rates for services furnished by the system as shall be sufficient to provide for the foregoing.
(1992 Code, § 80.010) (Ord. 1-62, passed - - 1962)