§ 14-234-501 - Definitions.
14-234-501. Definitions.
As used in this subchapter, unless the context requires otherwise:
(1) "Municipality" means any city of the first or second class or any incorporated town in the State of Arkansas;
(2) "Waterworks system" means and includes the waterworks system in its entirety or any integral part thereof including mains, hydrants, meters, valves, standpipes, storage tanks, pumping plants, intakes, wells, impounding reservoirs, or purification plants;
(3) "Mayor" means the mayor of municipalities having the mayor-aldermanic form of government and the presiding officer of municipalities having a commission or other form of government;
(4) "Net revenues" means the revenues of the waterworks system remaining after the payment of the reasonable costs of operation, repair, maintenance, and depreciation.