1. (a) The board of directors of an authority may:

   1. (1) Acquire, lease as a lessee, hold, and use any interest in any property or franchise that is necessary or desirable to carry out the purposes of the authority;
   2. (2) Sell, lease as a lessor, transfer, or otherwise dispose of any interest in any property or franchise of the authority; and
   3. (3) Acquire any right in land or water right in connection with land by gift, purchase, or eminent domain.
2. (b) To condemn an interest in property that is owned by a political subdivision, an authority must obtain the consent of the governing body of the political subdivision.

Added by Acts 1985, c. 173, § 2.