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Cri�l Y3 <br /> CHAPTER 11 [ Proposed re-wording by Julie Trude ] <br /> 410 PUBLIC OWNERSHIP AND OPERATION OF UTILITIES <br /> Section 11 . 01 Acquisition and Operation of Utilities . <br /> The City may ow.n and operate any gas , water , heat , power , <br /> light , telephone or other public utility -€-e-w to supplying <br /> its own utility, needs ' e-r utility se'rvi-cc , and/or £or to <br /> supplying utility service to private consumers , or both . <br /> • . . . <br /> purpose , and may acquire any existing utili-ty properties <br /> - so needed , but such action may only be taken by ordinance , <br /> . . - -- - . . . - - . The City may , <br /> pursuant to a regularly-adopted ordinance , construct or purchase <br /> 1111 all necessary facilities to supply utility service . The <br /> e . . - ' y shall <br /> - - . ; - • a . -1 The City Council <br /> supervises all city-owned utilities . <br /> m4.4, <br /> A <br /> Section 11 . 02 . Rates and Finances . The Councils by <br /> ordinance , 44-,x- set rates , fares and prices for municipal <br /> utilities_ - , , • . , - I frI <br /> and reaso ble. The Council shall endeavor to make each <br /> municipal utility financially self-sustaining . Before setting <br /> municipal utililty rates , fares or prices for municipal utilitie-s <br /> ' - . , the Council shall hold a public <br /> hearing on the matter in accordance with Section 11 . 04 of <br /> this chapter . The Council shall prescribe the time and the <br />