Conn. Gen. Stat. § 7-194: Powers. Designation as a city.

Subject to the provisions of section 7-192, a town, city or borough that has a charter or adopts or amends a charter under the provisions of this chapter shall have the following specific powers in addition to all powers granted to towns, cities and boroughs under the Constitution and general statutes: (1) To manage, regulate and control the finances and property, real and personal, of the town, city or borough, (2) to regulate and provide for the sale, conveyance, transfer and release of town, city or borough property, and (3) to provide for the execution of contracts and evidence of indebtedness issued by the town, city or borough. A town described in this section may designate itself a city through the adoption or amendment of its charter. Any town that designates itself a city pursuant to this section shall be deemed a consolidated town and city for the purposes of the general statutes.