The city council of the City of Grand Island, Nebraska, hereby appropriates for itself the authority to do any one or more of the following in order to provide for the general welfare of the citizens of the City of Grand Island, Nebraska:
Acquire by the exercise of the power of eminent domain, or otherwise, lease, purchase, construct, own, maintain, and operate, or contract for the operation of a public passenger transportation system, excluding taxicabs and railroad systems, and to exercise any other powers authorized by law.
The exercise of the power herein granted shall be accomplished by further action of this council in such manner and method as it deems appropriate.