PART V. REVENUE BOND FINANCING.
§8-16-9. Bonds for improvements, etc., of works.
Whenever any municipality or municipalities now, or hereafter,
shall own and maintain and operate any of the works herein referred
to, whether constructed, reconstructed, established or acquired
under the provisions of this article or not, and shall desire to
improve, renovate, extend, enlarge, increase, equip or repair
(including replacements) the same, it may issue revenue bonds,
under the provisions of this article, to pay for the same, and the
procedure therefor, including fixing all rates and the computation
of the amount thereof, shall be the same as in this article
provided for the issuance of bonds for the construction,
reconstruction, establishment or acquisition of any such works in
or by any such municipality which has not theretofore owned and
maintained and operated any such works: Provided, That no existing
obligations or rights shall be affected or impaired thereby.