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i I I i I I I I I I I I I I I I I I CHAPTER 11 PUBLIC OWNWERSHIP AND OPERATION OF UTILITIES Section 11.01. AQuisition and Operation of Utilities. The city may own and operate any gas, water, heat, power, light, telephone or other public utility for supplying its own needs for utility service, or for supplying utility service to private consumers or both. It may construct all facilities reasonably needed for that purpose, and may aQuire any existing utility properties so needed; but such action shall only be taken by o~dinance, which shall not be an e~ergency ordinance. The operation of all public utilities owned by the city shall be under the supervision of the city council. Section 11.02. Rates and Finances. The council may by ordinance fix rates, fares and prices for municipal utilities, but such rates, fares and prices shall be just and reasonable. The council shall to make each municipal utility financially self-sustaining. Before any rates, fares or prices for municipal utilities shall be fixed by the council, the council shall hold a public hearing on the matter in accordance with Section 11.06. of this chapter. The council shall prescribe the time and the manner in which payments for all such utility services shall be made, and may make such other regulations as may be necessary, and prescribe penalties for violations of such regulations. Section 11.03. Purchase in Bulk. The council may in lieu of providing for the local production of gas, electricity, water and other utilities, purchase the same in bulk and resell them to local consumers at such rates as it may fix. Before such rates are fixed by the council, the council shall hold a public hearing on the matter in accordance with Section 11.06. of this chapter. pg.11-1/2