§ 33:4337 — Fixing utility rates sufficient to meet obligation

Louisiana § 33:4337

• Jurisdiction: Louisiana
• Title 33: Municipalities and Parishes

Text

Any municipality issuing bonds under the provisions of this Sub-part shall, during the time when any of such bonds remain outstanding and unpaid, impose rates for the service rendered by the public utility fully sufficient to pay the operating expenses of the utility and to pay the principal and interest on any bonds so outstanding and unpaid.