(1) Acquire by gift, purchase, lease, or exercise of the right of eminent domain, construct, reconstruct, improve, better and extend water, wastewater and storm drainage facilities, wholly within or wholly without the City or partially within and partially without the City, and acquire in the name of the City by gift, purchase, or the exercise of the right of eminent domain lands, easements, and rights in land in connection therewith;

(2) Operate and maintain water, wastewater and storm drainage facilities for its or the City's own use and for the use of public and private consumers and users within and without the territorial boundaries of the City;

(3) Accept federal funds under any federal law in force to aid in financing the cost of engineering, architectural, or economic investigations or studies, surveys, designs, plans, working drawings, specifications, procedures, or other action preliminary to the construction of water, wastewater and storm drainage facilities;

(4) Accept federal funds under any federal law in force for the construction of necessary water, wastewater and storm drainage facilities;

(5) Enter into joint operating agreements, contracts, or arrangements with consumers concerning water, wastewater and storm drainage facilities, whether acquired or constructed by the utility enterprise or the consumer, and accept grants and contributions from consumers for the construction of water, wastewater and storm drainage facilities;

(6) Prescribe, revise, and collect in advance or otherwise, from any consumer or any owner or occupant of any real property connected therewith or receiving service therefrom, rates, fees, tolls, and charges or any combination thereof for the services furnished by or the direct or indirect connection with or the use of or any commodity from such water, wastewater, and storm drainage facilities; in anticipation of the collection of the revenues of such water, wastewater, and storm drainage facilities, or joint system, issue revenue bonds to finance in whole or in part the cost of acquisition, construction, reconstruction, improvement, betterment, or extension of the water, wastewater and storm drainage facilities; and issue temporary bonds until permanent bonds and any coupons appertaining thereto have been printed and exchanged for the temporary bonds;

(7) Pledge to the punctual payment of the bonds and interest thereon all or any part of the revenues of the water, wastewater, and storm drainage facilities including the revenues of improvements, betterments, or extensions thereto thereafter constructed or acquired, as well as the revenues from existing water, wastewater and storm drainage facilities;

(8) Enter into and perform contracts and agreements with other governmental entities and utility activity enterprises for or concerning the planning, construction, lease, or other acquisition and the financing of water, wastewater and storm drainage facilities and the maintenance and operation thereof;

(9) Make all contracts, execute all instruments, and do all things necessary or convenient in the exercise of the powers granted in this section or elsewhere in state law, the City Charter, or this Code or in the performance of its covenants or duties or in order to secure the payment of its bonds if no encumbrance, mortgage, or other pledge of property, excluding any pledged revenues, of the utility enterprise or city is created thereby, and if no property, other than money, of the utility enterprise or city is liable to be forfeited or taken in payment of the bonds, and if no debt on the credit of the utility enterprise or city is thereby incurred in any manner for any purpose; and

(10) Issue water, wastewater or storm drainage or joint water, wastewater and storm drainage refunding bonds pursuant to this Code or other applicable law to refund, pay, or discharge all or any part of its outstanding water, wastewater, or storm drainage or joint water and wastewater and storm drainage revenue bonds issued under this article or under any other law, including any interest thereon in arrears or about to become due, or for the purpose of reducing interest costs, effecting a change in any particular year in the principal and interest payable thereon or in the related utility rates to be charged, effecting other economies, or modifying or eliminating restrictive contractual limitations appertaining to the issuance of additional bonds or to any municipal water, wastewater and storm drainage facilities. (Code 1979, § 39-18)