[HISTORY: Adopted by the Mayor and Council of the Borough of High Bridge 2-9-2006 as Ch. 199, Art. I, of the 2006 Code of the Borough of High Bridge. Amendments noted where applicable.]
GENERAL REFERENCES
Water — See Ch. 407.
A Water Utility is hereby established in and for the Borough of High Bridge, which said Water Utility shall be under the control of the Borough Council of the Borough of High Bridge, in the County of Hunterdon. The name by which it shall be known shall be the "High Bridge Borough Water Utility."
All future revenue and accounting therefor from said Water Utility shall be on a dedicated utility basis in conformity with N.J.S.A. 40A:4-35. All moneys derived from the operation of said Water Utility and any other moneys applicable to its support shall be segregated and kept in a separate fund, which shall be known as the "Water Utility Fund," and all disbursements for the operation and maintenance of said Water Utility shall be taken from said Water Utility Fund.
The dedicated budget of this Water Utility shall include appropriations for operating expenses, capital improvements, debt services and for the payment of all water utility bonds, principal and interest and all other deferred charges and statutory expenses as may be required.