Section 103.00. Limitation on the power of cities and villages to authorize certain obligations

a. If in  any  city  or  village,  prior  to  the  effective  date  of this chapter, a water board, public utility board or
  other  agency,  (other  than  the  council,  common  council,  board  of
  aldermen,  board of estimate, board of estimate and apportionment, board
  of estimate and contract, board of  trustees  of  a  village,  board  of
  education  or board of trustees of a school district, or governing board
  of a public authority or  district)  had  the  power  to  authorize  the
  issuance  of  obligations  or  to  request  the finance board or similar
  appropriate agency of the city or village to issue  obligations  for  an
  object  or  purpose,  the  finance  board  of  such  city or village may
  thereafter authorize the issuance of obligations for such an  object  or
  purpose only upon the recommendation of such agency.