The Association may purchase, acquire, or receive by gift or bequest for the purposes of the Association and furtherance of its objectives, but for no other purposes or objectives, any real or personal property, and may sell, mortgage, lease, or otherwise dispose of any said property.

24 Del. C. 1953, § 2805; 58 Del. Laws, c. 501, § 1; 74 Del. Laws, c. 267, § 1