§ 8.02. To acquire, within or without the corporate limits of the Authority, land in fee
simple, including township roadways, rights in and over land or water, and easements
upon, over or across land or water, and leasehold interests in land or water, and
tangible and intangible personal property, used or useful for the location, establishment,
maintenance, development, expansion, extension or improvement of any such public airport
or public airport facility. Such acquisition may be by dedication, purchase, gift, agreement, lease, use or
adverse possession or by condemnation. The authority may acquire for such purposes land in fee simple subject to a mortgage
and as part of the purchase price may assume the payment of the indebtedness secured
by the mortgage. Land may be acquired, possessed and used for such purposes by an authority, under
a written contract for a deed thereto conveying merchantable title and providing that
the deed shall be placed in escrow and be delivered upon payment of the purchase price
and containing such other terms as are reasonably incident to such a contract. Personal property may be purchased on an installment contract basis.
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