Any municipality is hereby authorized and empowered to acquire by purchase, whenever it shall deem such purchase expedient, any toll bridge located as provided in Section 65-25-3, or any such toll bridge partly constructed, or any franchises, easements, permits, or contracts for the construction of any such bridge, or any such toll bridge or facilities thereof which may be under lease in whole or in part and which may be so acquired subject to the terms of such lease, all upon such terms and at such prices as may be reasonable and can be agreed upon between such municipality and the owner thereof, title thereto to be taken in the name of such municipality. For the purpose of paying the cost of such acquisition, any municipality is hereby authorized and empowered to issue its bridge revenue bonds as hereinafter provided.