Procedure for sale, conveyance, rental, or lease of waterworks system owned by city of the home rule class

owned by city of the home rule class. No city of the home rule class which owns a waterworks system shall sell, convey, rent, or lease the system without the assent of a majority of the legislative body for the city or of those voting at an election held for that purpose after notice of the election has been published pursuant to KRS Chapter 424. This section shall not apply to the issuance of revenue bonds provided for under the provisions of this chapter.