After organization, the commissioners shall take charge and control of the water system of the borough. The commission shall have the following powers: (1) To appoint all necessary officers and agents and take from the officers and agents security for the faithful performance of their duties as the commission deems proper. (2) To fix the salaries and wages of the officers and agents. (3) To provide for the repair, extension, improvement and maintenance of the water system and the construction of a new water system. (4) To collect water rents. (5) To make and establish the rates and conditions upon which water will be furnished to applicants, subject to any applicable approval, regulation or control imposed by 66 Pa.C.S. Pt. I (relating to Public Utility Code). (6) To make bylaws and regulations for the economic and efficient management of the water system, which shall not be inconsistent with any of the laws of this Commonwealth or the rules and regulations of the Department of Environmental Protection. No bylaws or regulations shall become effective until they have been approved by the council and enacted as ordinances of the borough.
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