Legal Documents of Mosheim

The board of mayor and aldermen of Mosheim shall have the power, and it shall be its duty by ordinance to establish and maintain just and equitable rates and charges for the use and service rendered by the water and sewer department, to be paid by the beneficiary of the service. Such rates and charges shall be adjusted so as to provide funds sufficient to pay all reasonable expenses of operation, repair and maintenance, provide for a sinking fund for payment of principal and interest bonds when due, and maintain an adequate depreciation account, and they may be re-adjusted as necessary from time to time by amendment to the chapter establishing the rates then in force. A copy of the schedule of such rates and charges so established shall be kept on file in the office of the commission having charge of the operation of such works, and also in the office of the town clerk, and shall be open to inspection by all parties interested. (Ord. #7, Sept. 1974)