A. 
There shall be created separate water and sewer utilities for the Village of Johnson Creek. These utilities shall be known as the "Village of Johnson Creek Sewer Utility" and the "Village of Johnson Creek Water Utility."
B. 
This chapter shall be effective from and after its passage and posting or upon issuance of written order of the Public Service Commission consenting to the separation of the water and sewer utilities, whichever occurs later.