Section 11-21-2
Power of municipalities to sell.
Any municipality in the state shall have the power and authority to sell, convey, and transfer any waterworks plant or water distribution system, or both, owned by it to the county in which the municipality is located, upon such consideration as may be agreed upon, including the assumption of any indebtedness connected with any such system.
(Acts 1975, No. 1213, §2.)