Nothing set forth in this chapter shall be construed in a manner to conflict with the requirements of the Kentucky Revised Statutes, and of any ordinance authorizing the issuance of construction bonds, that the rents, royalties, fees, rates, and charges for the services rendered by the system shall be fixed and revised from time to time to be sufficient to provide for the payment of interest on all bonds; to create a sinking fund to pay the principal when due; and to provide for the operation and maintenance of the system and an adequate depreciation account. It is expressly declared that the rates and charges herein set forth are minimal only, and that they will be increased, if increases should be required at any time, or from time to time, to comply with the requirements set forth in the statutes and in any bond-authorizing ordinance.
(Ord. passed 6-7-78)