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(A) The Town Council hereby makes the following findings of fact:
(1) The combined utility system and the natural gas distribution system of the town each constitutes an “enterprise” as that term is defined in S.C. Code § 6-17-20, as amended; and
(2) The proposed expansions of the natural gas distribution system, waterworks system and sewage collection and treatment system to be financed by the bonds are deemed by the Town Council to be related to the combined utility system and the natural gas distribution system and the construction of the proposed project shall be considered an improvement, extension or betterment of the existing combined utility system and natural gas distribution system.
(B) The combined utility system, consisting of the waterworks system, the sewage collection and treatment system and electric distribution system shall, on the effective date of the ordinance codified in this section, be combined into one system to be known as the “combined utility system” of the town.
(1995 Code, § 4-1005) (Ord. passed 2-10-1987)