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.1 I ( I Charter - Finance Administration - Section 11-28 Sec. 11-28. Bond sales; limitations. Refunding bonds shall be sold, at public or private sale, or exchanged as may be determined by the City Council. All other bonds shall be sold to the highest and best bidder for cash at public :mle after advertisement for public sale, and if all bids are rejected they may be sold at private sale and to the best advantage of the City. Each bond issue may contain provisions for the redemption of bonds prior to their respective maturity dates on such terms as may be provided by the City Council, including, without limitation, the payment of a premium. (Ord. No. 647, passed at Nov. 6, 1973 election) I I I I I I I I I I I I I I I I Part 4. Receipts and Expenditures Sec. 11-29. Receipts and expenditures. The City Treasurer will cause the total receipt:; and itemized expenditures, except indi- vidual employee's salaries, to be published monthly in a newspaper of general circulation. Gross salaries of individual municipal employ- ees shall be published semi-annually, in a news- paper of general circulation, with said individual employee's gross salary for July being thus pub- lished in August of each year, with the individ- ual employee's gross salary for January being published in February of each year. (Ord. No. 880 passed at June 5, 1990 election) Sec. 11-30. Publication cost. Price is to be governed by current state stat- ute governing legal publications. Article XII Utilities and Franchises Part I. City-O~ned Utilities Sec. 12- 1. Authority and powers. The City shall have and exercise with regard to City-owned utilities, including water and Supp.3 water rights and acquisition thereof and bonded indebtedness in connection therewith, all the authority and powers now provided by the Con- stitution and statutes of the State of Colorado, including those statutes hereinafter established by act of the general assembly. In addition, the City shall have the power to exchange water rights owned by it for water rights owned by other persons, municipalities or quasi-municipal corporations. The City shall also have the right to contract with such aforementioned persons or entities for the purpose of forming consolidated water or sewer districts or for furnishing any municipal services, provided any agreements or contracts arising therefrom wouldl clearly benefit the inhabitants of the City. Sec. 12-2. Water rights in annexation. The City shall have power to purchase or obtain such existing water rights as may be used upon any land which is annexed to the City from time to time. Sec. 12-2.5. Services to privab~ correctional facilities. No City-owned utility shall provide any water or wastewater services to a private com~c- tional facility, as defined in Section 14-1 of this Charter, wherever such facility is located, unless having first obtained authorizati~m from the eli- gible electors of the City of Larrlar, in the man- ner described in Section 14-5 of this Charter. (Ord. No. 1078 passed at November 1, 2005 election) Part 2. Franchises and Public Utilities Sec. 12-3. Definition. The term "public utility" or "public utility corporation" when used in this Charter shall mean any person, firm or corpmation operating heat, power or light systems, communication systems, water, sewer or scheduled transporta- tion systems, and serving or supplying the C-23