B. The board may:

1. 1. Acquire, hold, manage, occupy and possess property as provided by this chapter.
2. 2. Take conveyances for all property acquired by the authority in the name of the authority.
3. 3. Sell, lease, exchange or otherwise dispose of any property of the authority that is no longer necessary or suitable for the uses and purposes of the authority and execute, acknowledge and deliver all such conveyances, leases, contracts or other instruments as the board deems necessary.
4. 4. Institute and maintain actions and proceedings necessary to enforce, maintain, protect or preserve all rights, privileges and immunities created or granted by this chapter relating to acquiring, owning and disposing of property.

C. The board, by unanimous resolution, may institute condemnation proceedings in the name of the authority, and all statutes of this state relating to the exercise of eminent domain apply to the proceedings, except that the board may not exercise the right of eminent domain:

1. 1. Outside of the county in which the authority is established.
2. 2. To condemn land or existing projects or facilities owned by any governmental entity or person for the purpose of condemning water rights or existing water production, delivery or storage systems.
3. 3. To acquire electrical facilities, whether real or personal property.
4. 4. Within the service area, as defined in section 45-402, of any city or irrigation district without the consent of that city's or irrigation district's governing body.