(a) The Village Administrator is hereby authorized and empowered to sell water outside the corporation limits of the Village and to enter into such contracts or agreements as the Village Administrator may determine necessary to sell such water, provided that no contract entered into under authority of this chapter shall be effective until approved by Council.
(b) This chapter shall affect only contracts and agreements entered into after the effective date of this chapter and shall not be interpreted to validate contracts or agreements, either oral or written, that may have been entered into by the Village Administrator prior to the effective date of this chapter.