The provisions of this chapter shall constitute a contract between the city and the holder of any bonds already authorized to be issued or for which provisions have been or will be made as their issuance, which are to be secured by the revenues of such waterworks system or other utilities, and after the issuance of any of such bonds no change, variation, or alteration of any kind of the provisions of this chapter shall be made in any manner, except as herein provided or otherwise compelled by law until such time as all such bonds and interest thereon have been paid in full.
(Ord. 2-83, passed 2-21-1983)