Sec. 6. The board may fix and set aside:
(1) the proportion of the revenues of the waterworks department necessary for reasonable and proper operation and maintenance;
(2) the proportion of the revenues for a proper and adequate depreciation account; and
(3) the fixed proportion of the revenues to be applied to the payment of the principal and interest of the authorized bonds.
As added by Acts 1982, P.L.74, SEC.1.
Structure Indiana Code
Title 8. Utilities and Transportation
Article 1.5. Municipal Utilities
Chapter 4. Department of Waterworks in Certain Municipalities
8-1.5-4-0.3. Effective Date of Certain Amendments Made to Section 14 of This Chapter
8-1.5-4-1. Application of Chapter
8-1.5-4-2. Department of Waterworks; Establishment; Board of Directors
8-1.5-4-3. Special Taxing District
8-1.5-4-4. Board; Powers and Duties
8-1.5-4-7. Revenues Set Aside for Operation and Maintenance
8-1.5-4-8. Revenues Set Aside for Payment of Bonds
8-1.5-4-9. Revenues Set Aside for Depreciation Account
8-1.5-4-10. Secured Debt or Charge
8-1.5-4-11. Bonds and Interest Issued Against Special Redemption Fund
8-1.5-4-12. Bonds; Additional Issue or Issues for Extension, Addition, or Improvement
8-1.5-4-13. Bonds; Application of Proceeds; Default
8-1.5-4-14. Services Rendered to Municipality; Payment
8-1.5-4-15. Construction, Extension, or Improvement; Procedure
8-1.5-4-18. Special Taxing District Bonds of the Waterworks District; Issuance