§ 10-1-2. Construction and operation cost estimates authorized.

(a)

To facilitate the regulations of rates, service, equipment and operation of public service utilities now or hereafter owned by the city, or by persons, firms or corporations now or hereafter owning or operating such public utilities within the city, the council shall have power and it shall be the duty of the council to make or cause to be made careful estimates of the value and cost of constructing and operation of such public service utility plants as exist or are desirable for the carrying on of any public utility. For this purpose the council and their agents shall have full access to the books and documents of any person, firm or association engaged in such service in the city, and may summon witnesses and examine them under oath, subject to the penalties of perjury if they testify falsely.

(b)

To aid the council in securing the information and records aforesaid, every public service utility shall keep and render to the council, in the manner and form prescribed by the council, uniform accounts for all business transacted, including cost, maintenance and operation of plant, itemized gross income from all sources, itemized expenditures for all purposes, and such other records and data as may be required by the council to secure all facts contemplated by this section. The city may by ordinance adopt any measure necessary to enforce the provisions of this section either as to the council or the public service utilities.

(Laws of Fla. 1931, Ch. 15425, § 58)