The Town Council shall have power to do and perform acts as may be necessary for the prudent and efficient management and protection of the works not inconsistent with the rules, regulations and laws pertaining thereto. They shall examine the accounts of water, light and sewage, as audited by the Superintendent. The accounts shall show all moneys received, also the disbursements made, debts contracted, to whom, for what and when paid, with voucher for every disbursement.
(`94 Code, § 10-3-1)