§ 39. Water.

Be it further enacted, that the City of Riverdale is authorized to own and operate a system of waterworks for supplying water for all purposes to all persons resident in said city, and to other persons as may be provided by ordinance. The mayor and councilmen shall have full power to make all rules and regulations for the management and operation of said water plant and to fix from time to time the rates charged for water with the right to classify said rates. Said mayor and councilmen shall have the power to enforce payment for water and shall have the right to require reasonable deposits as well as the power to discontinue service until all amounts due [have been paid] by the consumers whose service is discontinued and until such consumer shall have paid the penalty prescribed.

The mayor and council in their discretion, may extend any water or sewer line beyond the limits of the City of Riverdale, to provide service to customers living beyond the city limits, should it be deemed by said mayor and council to be financially beneficial to said city.