1. (a) To acquire real property by purchase at prices or amounts authorized by duly adopted proposition;
2. (b) To sell, transfer or permanently dispose of any real property, on such terms and conditions and at such prices as shall by proposition be authorized;
3. (c) To take any further or additional action which, under the provisions of this chapter, must first be authorized by the adoption of a proposition.

The board of directors, when authorized by majority vote of the electors voting upon a proposition, have the power:

History of Section.
P.L. 1999, ch. 79, § 2.