The board of directors, when authorized by majority vote of the electors voting upon a proposition, have the power: (a) To acquire real property by purchase at prices or amounts authorized by duly adopted proposition; (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; (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.
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