The corporation is authorized and empowered, directly or by and through a participating institution, as its agent to acquire by purchase, gift or devise, solely from funds provided under the authority of this chapter, such lands, structures, property, real or personal, rights, rights-of-way, franchises, easements and other interests in land, including lands lying under water and riparian rights, which are located within or without the state as it judges necessary or convenient for the construction or operation of a project, upon such terms and at such prices as considered by it to be reasonable and can be agreed upon between it and the owner thereof, and to take title thereto in the name of the corporation.
Source. 1969, 318:1. 1970, 16:17. 1991, 298:4