The Mayor, Recorder, and Councilmen of said Town and their successors in office shall be a body politic and corporate by the name of the Town of Winfield, and shall have perpetual succession and a common seal, and by that name may sue and be sued, plead and be impleaded, purchase and hold real estate necessary to enable them the better to discharge their duties, and needful for the good order, government, and welfare of said Town. All the corporate powers of said corporation shall be exercised by said Council or under their authority, except where otherwise provided.