Unless otherwise provided or limited by law, the city shall possess
and be vested with all powers, functions, privileges, and immunities,
expressed or implied, to which cities are, or hereafter may be, entitled
under and in the spirit of the Constitution of Michigan and the home
rule traditions of the State, and may exercise all legislative power
not prohibited by or in contravention with law. In the exercise of
such powers, functions, and privileges, the city shall manage and
control its finances, rights, interests, buildings, and property;
enter into contracts; acquire by purchase, grant, lease, or condemnation,
hold, and utilize any property, both within and without the limits
of the city; acquire, own, and operate any utility, unless the power
to do so is denied by law; do any act to advance the interests, and
good government, and prosperity of the city and its inhabitants; and
protect the public peace, morals, health, and general welfare, and
the safety of persons and property.