12-4905.   Payment of bonds; cost of operation, repair and maintenance of home.Provision shall be made by appropriate ordinance by the governing bodyof the city establishing or acquiring the home for the aged for the paymentof revenue bonds by fixing rates, fees or charges for theuse or services rendered by such home for the aged, which rates, fees orcharges shall be sufficient to pay the cost of the operation, repair andmaintenance of the home for the aged, provide an adequate depreciationfund, 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.