(A) The Town Council shall act by ordinance in all matters required by law to be done by ordinance, including when it shall:
(1) Adopt or amend an administrative code of ordinances, create, alter or abolish any town department, office or agency;
(2) Provide for a fine or other penalty or establish a rule or regulation in which a fine or other penalty is imposed for violation;
(3) Appropriate funds and adopt a budget;
(4) Grant, renew or extend franchises, licenses or rights in public streets or public property, closed or abandoned streets;
(5) Authorize the borrowing of money or the issuance of bonds;
(6) Levy taxes, assess property for improvement or establish charges for services;
(7) Annex area to the town;
(8) Convey or lease or authorize the conveyance or lease of any lands of the town; and
(9) Amend or repeal any ordinance described in divisions (1) through (8) above.
(B) All other matters the Council may act either by ordinance or resolution recorded in the minutes.
(1985 Code, § 1-31)