The existing waterworks system in its entirety, together with all additions, improvements and extensions thereto that may hereafter be made, and the existing sanitary sewerage system in its entirety, together with all additions, improvements and extensions thereto that may hereafter be made, of the village be and the same are declared to be a combined system, and such combined waterworks and sewerage system shall be maintained and operated as a single utility, and that charges or rates shall be established for the use of such combined system, which shall be reasonable and commensurate with the services provided by such combined system, and shall be sufficient to maintain and operate, provide an adequate depreciation fund and pay the principal and interest on any revenue bonds which may be issued, which by their terms are made payable from the revenues of such combined system.
(Prior Code, § 50B.001) (Ord. 88-005, passed 1-19-1988)