The council is empowered to control and manage the fiscal and municipal affairs of
the city, and all property, real and personal, belonging to the city, and, in the
name and for the use of the city, to contract debts, borrow money and cause to be
issued therefor notes, bonds or other evidences of debt in the manner prescribed by
law and subject to all the restrictions and limitations imposed by the constitution
and general laws of the State of Virginia, and to expend the money of the city for
all lawful purposes, and to make such ordinances, orders and bylaws relating to any
of the foregoing as it may deem proper and necessary.