10-7-5. Limitations on lease or purchase.
It shall not be lawful for any city or town to lease or purchase any part of such
waterworks less than the whole, or to lease the same, unless the contract therefor shall provide
that the city or town shall have control thereof and that the net revenues therefrom shall be divided
proportionately to the interests of the parties thereto; said contract shall also provide a list of
water rates to be enforced during the term of such contract.
No Change Since 1953
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Last revised: Thursday, May 28, 2009