The city of Lovington is a municipality and is a body politic and corporate under the name and form of government known as commission-manager. The city may:
A. Sue or be sued;
B. Enter into contracts;
C. Acquire and hold property, both real and personal;
D. Have a common seal which may be altered at pleasure;
E. Exercise such other privileges that are incident to corporations of like character or degree that are not inconsistent with the laws of New Mexico;
F. Protect generally the property of its municipality and its inhabitants;
G. Preserve peace and order within the municipality;
H. Establish rates by services provided by municipal utilities and revenue producing projects. (Amended during 1992 codification: prior code § 2-1-12)