A charge shall be made to the residents of said city which shall be reasonable for the use and service of such waterworks and sewerage system, and such charges or rates for that purpose shall be established and such rates shall be sufficient to pay the cost of the operation and maintenance of the entire waterworks and sewerage system of said city, to provide an adequate depreciation account, to pay the interest on and principal of all bonds, which by their terms are payable from the revenues of the waterworks and sewerage system and to create and maintain the accounts established by the ordinance authorizing the construction of the combined waterworks and sewerage system and providing for the issue of Waterworks and Sewerage Revenue Bonds of said city.
(Ord. 652, passed 8-21-95)