If any lot, parcel of land or premises which discharges sewage or industrial waste into the sanitary sewerage system, either directly or indirectly obtains part or all of the water used thereon from sources other than the city water mains, and the water so obtained is not measured by a water meter or is measured by a water meter which is not acceptable to the city council, then in such case, the city shall permit the discharge of sewage or industrial waste into its sanitary sewerage system only when the owner of such lot, parcel of land or premises or some other interested party shall, at his expense, install and maintain a water meter which shall be satisfactory to the city council. Such water meters shall be installed so as to measure all water received on such lot, parcel of land or premises and the charges and rates shall be based upon the aggregate quantity of water received as measured by all such meters. (Prior code § 38-4-2)