Powers of municipal authorities.- (1) The council may.-

(a) layout and make new public streets; (b) construct bridges and sub-ways; (c) turn, divert or with the special sanction of the Government permanently close any public street or part thereof; (d) widen, open, extend or otherwise improve any public street. (2) Compensation shall be paid to the owners and occupiers of any land or buildings which are required for or affected by any such purposes.