Agricultural Fair Corporations may purchase, hold or lease or otherwise acquire any quantity of land necessary for their proper operation, with such buildings and improvements as may be erected thereon, and may sell, lease, or otherwise dispose of the same at their pleasure. Such real estate must be held for the purpose of erecting buildings and making other improvements thereon, to promote and encourage agriculture, horticulture, mechanics, manufacturers, stock raising, 4-H Clubs, Future Farmers of America, Home Demonstration Clubs, poultry raising, arts, trades, crafts, hobbies, industry, commerce and the general welfare of the people and to cooperate with the state and federal agriculture extension organizations, cooperative marketing associations, livestock and crop improvement association, and such other farm, industrial, commercial or educational organizations as may be deemed advisable by the Corporation's Board of Directors.

R.L.1910, § 22; Amended by Laws 1951, p. 1, § 1.