13-2422.   Same; rates for water; how determined; sinking fund.The waterworks board shall fix such rates for water furnished toconsumers as will secure an income sufficient to pay all salaries and wagesof all officers and employees in such department; to cover the cost of allmaterials and supplies used in the operation of the plant; to cover thecost of all repairs; to cover all miscellaneous expenses; to pay allinterest charges upon all indebtedness of the city created for the purposeof purchasing, improving or extending the waterworks, and to provide asinking fund sufficient for the purpose of paying off such indebtedness atmaturity, and to cover the cost of all repairs and renewals of the plantand all material used, together with a reasonable allowance for emergencyand unforeseen expenses: Provided, That the waterworks board may fixspecial rates for water furnished to the governing body of the city forpublic purposes, or to organized institutions of charity.

      History:   L. 1937, ch. 143, § 9; March 16.