Section 15-7-604 - Supplying railroads authorized; ratification of existing contracts(a) Any city or town may contract to furnish water at and adjacent to the city or town, for a term of years as agreed upon, to: (i) Any railroad company for use in its shops, locomotives and for any other railroad purposes; (ii) Any subsidiary or affiliate of any such railroad company whose principal business at or adjacent to the city or town is the furnishing of material or service, or both, to the railroad company; (iii) Any industrial user of water whose principal needs for water, at or adjacent to the city or town, are defined as preferred uses of water after the industry or industries has established its own priority. (b) Any city or town, upon terms and for consideration it considers adequate, may ratify any contract which it has made with regard to supplying water to any railroad for the uses and purposes stated in this section.