No utility acquisition by municipality

Nothing in this subchapter shall be construed to authorize any municipality to issue or sell revenue bonds, or use the proceeds thereof, to purchase, condemn, or otherwise acquire a utility plant or distribution system owned or operated by a regulated public utility. Acts 1960 (Ex. Sess.), No. 9, § 13; A.S.A. 1947, § 13-1613. Nothing in this subchapter shall be construed to authorize any municipality to issue or sell revenue bonds, or use the proceeds thereof, to purchase, condemn, or otherwise acquire a utility plant or distribution system owned or operated by a regulated public utility. Acts 1960 (Ex. Sess.), No. 9, § 13; A.S.A. 1947, § 13-1613.