(A) It is hereby found, determined and declared necessary for the best interests of this city that the existing waterworks system of said city and the sanitary sewerage system so to be constructed by said city be combined into, and operated as, a single utility to be known and designated as the combined waterworks and sewerage system of the city.
(B) All property, real, personal, and mixed, that comprises the existing waterworks system and that will comprise said sanitary sewerage system so to be constructed, as hereinabove in the preamble to this section more fully described, be and the same is hereby determined and declared to constitute the properties of the combined waterworks and sewerage system of said city.
(C) That from and after the effective date of this section said existing waterworks system and said sanitary sewerage system so to be constructed shall be owned and operated by this city as a combined utility, known as the combined waterworks and sewerage system of said city, and all improvements and extensions to said waterworks and sewerage system, 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, shall be held, used, confessed and acknowledged as the properties, assets, obligations and liabilities of said combined utility.
(Ord. 63-7, passed 3-25-63)