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It is declared to be the legislative intent of the town council, pursuant to the enactment of this code, to invoke and exercise all lawful powers vested in or incumbent on the town council of a town located within a consolidated city, to enact ordinances and to provide through legislation for the governance of the municipal corporation and its governmental jurisdiction, including but not necessarily limited to the following powers:

(1) All powers vested expressly by the Constitution and laws of Indiana;

(2) All general or residual powers conferred on the governing body of a town by the laws of the state of Indiana or by any other law;

(3) All implied powers incumbent on a municipality through the operation of common law, such as are necessary or dispensable to the purposes for which a municipal corporation is created.

Whenever any provision of this code is a provision of any ordinance enacted prior to the enactment or taking effect of this code, whether included in original or in substantially restated form, such a provision is intended and shall be construed to have been reaffirmed and reenacted concurrently with the enactment of this code, and shall be interpreted and applied in light of the above described powers as they are now in effect and vested in the town council, irrespective of whether any such provision could or might have been held invalid at the time it was originally enacted for want of then lawful authority of the town council to have enacted such a provision at that time. [Added during 2020 recodification.]