(A) The town’s proposed municipally owned water utility is hereby removed from the jurisdiction of the Indiana Utility Regulatory Commission (IURC) for the approval of rates and charges and of the issuance of stocks, bonds, notes or other evidences of indebtedness.
(B) This section shall become effective and in full force 60 days after final adoption of this section by the Town Council.
(C) This section shall become effective and in full force as provided by law.
(Ord. 1997-0002, passed 1-21-1997)