The Board of Trustees may exercise all powers of the City in relation to the sanitary sewer system, waterworks, electric utility, and cable communications system, with the following exceptions:
(Code of Iowa, Sec. 388.4)
1. Taxes, Ordinances, and Bonds. The Board may not certify taxes to be levied, pass ordinances or amendments, or issue general obligation or special assessment bonds.
Code of Iowa, Sec. 388.4[1])
2. Property. Title to all property must be in the name of the City but the Board has full control of such property subject to limitations imposed by law.
(Code of Iowa, Sec. 388.4[2])
3. Reports to Council. The Board shall make a detailed annual report to the Council including a complete financial statement.
(Code of Iowa, Sec. 388.4[3])
4. Proceedings Published. Immediately following a regular or special meeting, the Board Secretary shall prepare and cause to be published in a newspaper of general circulation in the City a condensed statement of proceedings including a list of all claims.
(Code of Iowa, Sec. 388.4[4])