Sec. 18. A housing authority may: (1) lease or rent any land, buildings, structures, or facilities included in a housing project; (2) fix the rentals or charges for property it rents or leases; (3) own, hold, and improve real or personal property; (4) acquire any interest in real or personal property in any manner, including the power of eminent domain; (5) dispose of any interest in real or personal property in any manner; (6) provide for the insurance of the property or operations of the authority against risks or hazards; and (7) obtain from the federal government insurance or guarantees for the payment of any debts secured by mortgages on property included in a housing project, whether or not those debts were incurred by the authority. [Pre-Local Government Recodification Citations: 18-4-8-5 part; 18-7-11-8(d).]
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