Powers and duties of board.

260.607. Powers and duties of board. — The corporation is hereby granted all powers necessary or appropriate to carry out and effectuate its purposes under sections 260.600 to 260.607 , including but not limited to the following: (1) To adopt bylaws and rules for the regulation of its affairs and the conduct of its business; (2) To adopt an official seal; (3) To sue and be sued; (4) To make and execute leases, contracts, releases, compromises and other instruments necessary or convenient to carry out its purposes; (5) To acquire, whether by purchase, exchange or gift, real properties located within any area designated for cleanup under this act * ; (6) To convey real properties whenever the board of directors finds that it has acquired all rights, title and interests in all properties within the area designated for cleanup; (7) To employ and pay compensation to such employees and agents, including attorneys, and others, as the board of directors shall deem necessary to further the purposes of sections 260.600 to 260.607 . (L. 1983 H.B. 528 § 7) Effective 6-27-83 *"This act" (H.B. 528, 1983) contained numerous sections. Consult Disposition of Sections table for a definitive listing.