Pursuant to I.C. 36-9-2, 8-1-2-1, and 8-1.5, the town has the power to:
(A) Establish, maintain, and operate waterworks;
(B) Purchase, condemn, construct, and operate a utility in the town for the purpose of transportation, production, delivery, sale, and furnishing of water to the public;
(C) Establish reasonable and just rates and charges for services to patrons of the water utility; and
(D) Regulate the furnishing of water to the public.
(1985 Code, § 710-5)