public and private property, for promoting the public health, safety, convenience, comfort, morals, andgeneral interests and welfare of the inhabitants of the city and to enforce all such ordinances by providing forthe fine or imprisonment, or both the fine and imprisonment, of those convicted of violations thereof.All powers shall be exercised in the manner prescribed in this charter, or if not prescribed herein, insuch manner as shall be provided by ordinance.Notwithstanding any other provisions of this charter, all powers may now and in the future beexercised outside the limits of the city to the extent permitted by law.
Sec. 2.Sale of City Property.
The City of Lincoln shall have the right to sell, convey, exchange,or lease real or personal property owned by the city, in such manner and upon such terms and conditions asshall be deemed in the best interest of the city; provided, no real property owned by the city having a marketvalue in excess of $10,000.00 shall be sold, conveyed, or exchanged unless authorized by ordinance of thecouncil.
Sec. 3.Pension and Retirement System.
The council shall have the power to establish byordinance a pension and retirement system or systems for any or all groups of officers and employees in thepaid service of the city and for any or all groups of employees of any other agencies which now, or in thefuture, spend money appropriated or borrowed by the council or city, or over which the council or cityexercises administrative control. The council may require that officers and employees covered by any suchsystem, except elected officials, shall become members of the system as a condition of employment.Each such pension and retirement system shall be financed on an actuarially sound basis. The citymay bear all or any part of the cost of the plan, including the cost of prior service credit for officers andemployees in the city service prior to the establishment of the system. In order to equalize the tax burden overa period of years, the city may levy and collect taxes in each fiscal year sufficient to meet current needs andequalize future payments. Said tax shall be in excess of and in addition to all other taxes now or hereafterauthorized by the city. The portion of such appropriations allocable to each activity, project, or other budgetunit shall be shown as a part of the budget appropriations for that activity, project or budget unit.The council may provide that the city will itself trustee all, none, or part of any pension andretirement plan established pursuant to this section, that it will trustee all, none, or part of such plan with acorporate trustee in Nebraska, or that it will purchase all, none or part of such plan from a life insurancecompany licensed to do business in the State of Nebraska.Coordination or supplementation of the city system or systems with the old age and survivorsinsurance provisions of the Federal Social Security Act may be provided. Provisions for vesting may alsobe included.Ordinances establishing pension and retirement systems shall prescribe the terms and conditionsunder which assets and reserves may be invested.
Sec. 4.Code of Ethics.
The council shall adopt and promulgate a code of ethics for employees,elected officials, and members of boards and commissions, and provide penalties for the violation of saidcode.
Sec. 5.Join Other Political Subdivisions.
The city shall have the power to join with other politicalor governmental subdivisions, agencies, or public corporations, whether federal, state or local, or with anynumber or combination thereof, by contract or otherwise, as may be permitted by the laws of the State of Nebraska, in the joint ownership, operation, or performance of any property, facility, power or function, orin agreements containing provisions that one or more thereof operate or perform for the other or others.The city shall also have the power to authorize and undertake research, formulate plans, draft andseek the enactment of legislation, and take other actions concerning improvement of the relationships betweenthe city and other political or government subdivisions, agencies, or public corporations, whether federal,state or local, or the attainment of voluntary cooperation agreements, annexations, transfers of functions toor from the city, city-county consolidation or separation, or any other means of accomplishing changes in