The port authority may lease or acquire title to real and personal property, may encumber and pledge such property and may condemn real property located within the district which it deems necessary for the development of port facilities in the district, subject to the provisions of section 48-12.
(1967, P.A. 900, S. 6; P.A. 98-240, S. 6.)
History: P.A. 98-240 changed “authority” to “port authority” and provided power to encumber and pledge real and personal property.