The management and control of the Faith Municipal Utilities is vested in the City Council. The City Council may take any and all action it deems advisable in the furtherance of any utilities or enterprises now existing or hereafter acquired under its control including the borrowing of money, issuance of bonds and other forms of indebtedness. These powers shall not be limited except to the extent expressly prohibited by the Constitutions of the United States or State of South Dakota, or this Charter.