12-4905. Payment of bonds; cost of operation, repair and maintenance of home.
12-4905
12-4905. Payment of bonds; cost of operation, repair and maintenance of home.
Provision shall be made by appropriate ordinance by the governing body
of the city establishing or acquiring the home for the aged for the payment
of revenue bonds by fixing rates, fees or charges for the
use or services rendered by such home for the aged, which rates, fees or
charges shall be sufficient to pay the cost of the operation, repair and
maintenance of the home for the aged, provide an adequate depreciation
fund, and pay the principal of and the interest upon the bonds when due.
History: L. 1965, ch. 146, § 5; L. 1986, ch. 85, § 5; April 24.