The authority may:
(a) Purchase, lease, obtain option upon, acquire by gift, grant, bequest, devise, or otherwise, any real or personal property within or outside the city, or any interest in, or improvements on, such property. However, no property of a state public body may be acquired without its consent.
(b) Acquire any property by the exercise of the power of eminent domain, except that property of a state public body shall not be acquired without its consent.
(c) Sell, lease, exchange, transfer, assign, or otherwise dispose of any real or personal property or any interest in such property.
(d) Lay out, open, extend, widen, straighten, establish, or change the grade, in whole or in part, of public parking facilities and public rights of way necessary or convenient for such facilities.
(e) Insure any of its real or personal property or operations against risks or hazards.
(Amended by Stats. 1951, Ch. 1388.)