The waterworks system and the sanitary sewerage system shall be owned and operated by this city as a combined utility, known as the combined waterworks and sewerage system of the city, and all improvements and extensions to said waterworks or sewerage systems, either or both, shall be considered as improvements and extensions to said combined utility; and all the properties, assets, obligations and liabilities, of all kinds, of said waterworks system and of said sanitary sewerage system, existing, outstanding and accruing or to accrue, shall be held, used, confessed and acknowledged as the properties assets, obligations and liabilities of said combined utility.
(Ord. O-09-20, passed 8-24-09)