SEC. 11.02. RATES AND FINANCES.
   Upon recommendations made by the City Administrator or upon its own motion, the Council may fix rates, fares, and prices for municipal utilities, but such rates, fares and prices shall be just and reasonable. In like manner, the Council may prescribe the time and manner in which payments for all such services shall be made, and may make such other regulations as may be necessary, and prescribe penalties for violation of such regulations.