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boundaries of two or more home rule charter or statutory cities or towns or any combination thereof,the <br /> city councils and town boards may,under the provisions of section 471.5 9,jointly exercise such powers <br /> to improve and regulate the use of the body of water subject to section 103F.751, as are conferred on <br /> county boards by sections 86B.205 and 103F.801, and to establish and administer lake improvement <br /> districts as provided under sections 103B.501 to 103B.581,provided that no home rule charter or <br /> statutory city or town may establish and administer a lake improvement district or exercise any of the <br /> powers granted in this section if a lake improvement district covering the same territory has been created <br /> by a county board under sections 103B.501 to 103B.581. References in sections 86B.205, 103B.501 to <br /> 103B.581, and 103F.801 to the county board shall be construed to refer to the governing body of a home <br /> rule charter or statutory city or the board of supervisors of a town. <br /> History: 1973 c 123 art 5 s 7; 1973 c 702 s 24; 1975 c 311 s 1; 1978 c 726s 17; 1986 c 439 s 5; 1986 c <br /> 443 s 16,17; 1990 c 391 art 8 s 46 <br />