444. The council may, by by-law, transfer its rights and powers, respecting the water-supply, to any corporation, firm or person willing to undertake the same, provided that such corporation, firm or person does not exact, for the use of the water, rates higher than those approved or determined by by-law of the council.
Every such by-law must before coming into force, be approved by the affirmative vote of one-half of the persons entered as owners on the assessment roll and as tenants on the electoral list who have voted, and by the Government. Such owners, in the case of physical persons, must be of full age and Canadian citizenship.
R. S. 1964, c. 193, s. 454; 1968, c. 55, s. 123; 1969, c. 55, s. 22; 1974, c. 47, s. 7.