Columbia Restriction on Sale of Water and Light Property ordinance (Charter § 101)

The city shall not sell, lease, or in any manner dispose of the water and light plants or systems or any properties or equipment used in supplying water or light, unless and except the proposition for such purpose shall first have been approved at a special election by a two-thirds majority of those voting thereon. The provisions of this section shall not apply to the sale or exchange of any equipment which may be worn out or unless, or which could, with advantage to the service, be replaced by new or improved machinery or equipment.