§ 38-25. Definitions.

As used in this article the following words and terms shall have the following meanings:

(1)

The word "authority" shall mean the Cobb County-Marietta Water Authority created by section 38-22 of this article except where the context clearly indicates otherwise.

(2)

The word "project" shall be deemed to mean and include the acquisition and construction of all necessary and usual water facilities useful and necessary for the obtaining of one or more sources of water supply, the treatment of water and the distribution and sale of water to users and consumers, including counties and municipalities for the purpose of resale, inside and outside the territorial boundaries of Cobb County and the operation, maintenance, additions, improvements, and extensions of such facilities so as to assure an adequate water utility system deemed by the authority necessary or convenient for the efficient operation of such type of undertaking. The word "project" shall also be deemed to mean and include the acquisition and construction of hydroelectric power generation and transmission components which are an incidental part of such necessary and usual waterworks facilities.

(3)

The term "cost of the project" shall embrace the cost of construction, the cost of all lands, properties, rights, easements and franchises acquired, the cost of all machinery and equipment, financing charges, interest prior to and during construction, and for one year after completion of construction, cost of engineering, architectural and legal expenses, and of plans and specifications, and other expenses necessary or incident to determining the feasibility or practicability of the project, administrative expense, and such other expenses as may be necessary or incident to the financing herein authorized, the construction of any project, the placing of the same in operation, and the condemnation of property necessary for such construction and operation. Any obligation or expense incurred for any of the foregoing purposes shall be regarded as a part of the cost of the project and may be paid or reimbursed as such out of the proceeds of revenue bonds issued under the provisions of this article for such project.

(4)

The terms "revenue bonds" and "bonds," as used in this article, shall mean revenue bonds as defined and provided for in article 3 of chapter 82 of title 36 of the O.C.G.A. [O.C.G.A. § 36-82-60 et seq.], known as the "Revenue Bond Law," as amended, and such type of obligations may be issued by the authority as authorized under the "Revenue Bond Law" and, in addition, shall also mean obligations of the authority, the issuance of which are hereinafter specifically provided for in this article.

(5)

Any project shall be deemed "self-liquidating" if, in the judgment of the authority, the revenues and earnings to be derived by the authority therefrom will be sufficient to pay the cost of operating, maintaining, and repairing, improving and extending the project, and to pay the principal and interest of the revenue bonds which may be issued for the cost of such project or projects.

(6)

The term "pass through" shall mean to levy a charge to such wholesale customer in addition to the authority's normal charge for water supplied, to be paid on the same terms as such normal charge for water supplied.

(7)

The term "wholesale customer" shall mean the water system of a county or municipality or other consumer of water to which treated water is directly supplied by the authority.

(8)

The term "on a pro rata basis" shall mean the amount shall be divided among the wholesale customers experiencing such excessive demand based on the proportion of the gallons of demand of each such excessive demand wholesale customer during such month to the total gallons of demand of all such excessive demand wholesale customers during such month.

(1951 Ga. Laws (Act No. 319), page 497, § 3; 1988 Ga. Laws (Act No. 951), page 4028, § 1; 1989 Ga. Laws (Act No. 279), page 4711, § 2)