Municipality not authorized to acquire utility

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 1985, No. 1017, § 13; A.S.A. 1947, § 13-1284. 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 1985, No. 1017, § 13; A.S.A. 1947, § 13-1284.