§ 1402. WATER RIGHTS.

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The City shall continue in the ownership and enjoyment of all water and water rights vested in it, and ownership of the right to develop, economize, control, use, conserve, and utilize all water flowing or being beneath the surface of any and all lands now owned or that may be hereafter acquired by it. No water rights now or hereafter owned or controlled by the City, shall ever be sold, leased or disposed of, in whole or in part, without the assent of two thirds ( 2/3 ) of the qualified voters of the City, voting on the proposition at a general or special election at which such proposition shall be lawfully submitted.

                    
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