12-2702. Contracts for common supply of water.
12-2702
12-2702. Contracts for common supply of water.
Two or more municipalities, or one or more municipalities and one or
more corporations, are hereby empowered to enter into a contract, contracts
or a series of contracts, from time to time, to provide for a common supply
of water, including joint acquisition, construction, operation and
maintenance of any and all sites, rights of way, easements, other interests
in real property, equipment and facilities necessary for, or used in
connection with, the procuring and transportation of water to the said
municipalities and their customers. Such contracts for a common supply of
water shall provide for the method of acquisition or construction of the
common supply; the management and operation of the system; the method of
fixing the proportionate share of each participating municipality and
corporation and of making contributions; the method of making annual
adjustments of the proportionate shares of the annual cost and expense; the
method of collection of water rates and other charges, and enforcement
thereof; the fixing of rate schedules and other charges; the adoption of
rules and regulations governing the operation of the system and the
conditions of sale; the adjudication of disputes and all other matters
necessary to effectuate such an arrangement.
History: L. 1955, ch. 87, § 2; April 14.