A water company incorporated in the State has the powers necessary for the purposes for which it is incorporated and may: acquire, possess, and use land, water rights, and other property for those purposes; and lay pipes and construct works necessary or suitable to carry out its purposes. A water company shall obtain the consent of the governing body of the municipal corporation or county before laying pipes or constructing waterworks in that jurisdiction under subsection (a) of this section. The governing body of the municipal corporation or county may adopt reasonable regulations for the laying of pipes, construction of works, and operations of a water company. This section does not authorize the incorporation of a water company to operate in Baltimore City.