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.1 I I I I I Charter - Legal Department - Section 10-7 Before entering upon the duties of his office every officer shall take and subscribe before a judge of a court of record, and file with the City Clerk, an oath or affirmation that he will support the Constitution of the United States and the Constitution of the State of Colorado, this Charter, and the ordinances, and will faithfully perform the duties of the office. Sec. 10..8. Previous contracts. Nothing in this Charter shall abridge the rights, duties or obligations heretofore obtained or incUlTed by contract or ordinance and legally entered into or passed by the City. I I I I I I I I I I I I I Sec. 10..9. Right of eminent domain. The City in any capacity governmental or otherwise, within or without its corporate limits, shall have the right of eminent domain as pro- vided by the Constitution and the statutes of the State of Colorado. Sec. 10-10. Authority to levy taxes. The Council may levy and collect taxes for municipal purposes subject to the right of refer- endum as in this Charter provided; and it may levy and collect special assessments for local improvements as provided in this Charter or by ordinance. Sec. 10-11. Cooperative contracts. The Council may, by ordinance, enter into contracts or agreements for the joint use of buildings, equipment or facilities, and for fur- nishing or receiving commodities or services. Sec. lOi-12. Bequests, gifts and donations. The Council, on behalf of the City, may receive bequests, gifts and donations of all kinds of property in fee simple or in trust for public, charitable or other purposes, and do all things and acts necessary to carry out the purposes of such gifts, bequests and donations, with the power to manage, sell, lease or otherwise dis- pose of the same in accordance with the terms of the gift, bequest or trust. Article XI Finance Administration Part 1. Budget Sec. 11-1. Fiscal year. The fiscal year of the City shall begin on the first day of January and end on the last day of December of each year. Sec. 11-2. Proposed annual budget. Not later than the first regularly scheduled meeting of the City Council in October of each year, the City Council shall submit the proposed annual budget which shall present a compl(~te financial plan for the City for thle ensuing fiscal year. There shall be a budget for th:e City of Lamar and a budget approved and adop1:ed by the Utili- ties Board, which latter budget shall include therein an amount for the next fiscal year for transfer to the general fund of the City. The revenues of the Utilities Board 'shall be appro- priated for the necessary requirements of the Board, including debt service,: and from any remaining revenue there may be assessed and payable to the general fund of the City, and appropriated by the City Council, as an expense of the Board, in the annual budget and appro- priations ordinance, a sum not t;) exceed twelve percent (12%) of the average oflthe gross annual operation revenues for the thret~ calendar years preceding such annual appropriiltion ordinance, such a charge as made shall be if,lcluded as a cost of service component in the design of rate structures, as a condition of service, and shall be C-16