13-1242.   Same; payment; rates and charges; sinking fund.Provision shall be made by the governing body of such city for thepayment of said bonds, by fixing rates and charges for the use of and theservices to be rendered by such property and facilities, which rates andcharges so fixed shall be sufficient to pay all expenses of the city inconnection therewith and cover the cost of operation and repairs, pay allinterest charges upon all indebtedness created for the purpose ofimproving, constructing, reconstructing, repairing or improving of suchpublic levee and the improvements and facilities thereon for which suchrevenue bonds were issued to so improve, construct, reconstruct or repairand to provide a sinking fund sufficient to pay off such indebtedness atmaturity.

      History:   L. 1933, ch. 43, § 5 (Special Session); Nov. 21.