(A) The Common Council may designate and determine certain streets to be preferential streets at their intersections with other streets and may designate other streets to be stop or yield streets.
(B) Upon that determination, the Council shall further determine whether the streets and intersections shall be controlled by stop signs, automatic signal devices or yield signs, and the signs or signals shall be installed as required to indicate preferential right-of-way.
(C) All vehicles shall come to a complete stop at any street or intersection when so directed by a stop sign or by an automatic traffic signal.
(D) All vehicles approaching a yield sign at any intersection shall approach the intersection with extreme caution and shall come to a complete stop in the event that other traffic is present on the preferential street at or near the intersection. Vehicles may proceed through the intersection only when all traffic on the preferential street has cleared the intersection.
Penalty, see §§ 3-2-8-1 et seq.