The Town of Telluride shall have and may exercise all powers, functions, rights and privileges allowed or granted to any municipalities including home rule cities or towns by law, except as limited or expressly forbidden by this Charter or the Constitution of the State of Colorado or the United States.

All powers of the Town of Telluride shall be exercised in a manner prescribed by this Charter, or if the manner is not prescribed then in such a manner as may be prescribed by ordinance, or if no ordinance exists which is applicable, then in such a manner as may be prescribed by statute or other law.