A municipality, which has acquired the plant, property, or facilities of a utility in any other municipality in accordance with the provisions of sections 2906-2911 of this title, may thereafter operate therein as a public utility with the same rights and franchises that the owners of such outlying plant had prior to acquisition under the terms of this chapter. Such operation shall be subject to the same jurisdiction, control, and regulation by the Commission as would any other public utility so operating. If the outlying municipality shall itself vote to establish a municipal plant, all the provisions of this chapter shall be applicable. (Amended 1959, No. 329 (Adj. Sess.), § 39(b), eff. March 1, 1961.)