§8-20-9. Operating contract.
Any municipality may enter into contracts or agreements with
any persons for: (1) The repair, maintenance and operation and
management of the facilities and properties of the combined system,
or any part thereof; or (2) the collection and disbursement of the
income and revenues thereof, or for both (1) and (2), for the
period of time and under terms and conditions as shall be agreed
upon between the municipality and such persons. Any municipality
shall have plenary power and authority to provide in the ordinance
authorizing the issuance of bonds hereunder, or in any trust
indenture securing the bonds, that the contracts or agreements
shall be valid and binding upon the municipality as long as any of
the bonds, or interest thereon, is outstanding and unpaid.