§ 15-10-103 — Powers of municipalities and counties generally

(a) Every municipality and county may:
(i) Prepare, carry out and operate projects and
provide for the acquisition, construction, reconstruction,
rehabilitation, improvement, extension, alteration or repair of
any project;
(ii) Lease, rent, sell or lease with option to
purchase any dwellings, accommodations, lands, buildings,
structures or facilities embraced in any project and establish
and revise the rents or charges therefor;
(iii) Own, hold and improve real or personal
property;
(iv) Acquire by any means any property or any
interest therein;
(v) Sell, lease, exchange, transfer, assign, pledge
or dispose of any real or personal property or any interest
therein;
(vi) Make loans for the provision of housing for
occupancy by persons of low income;
(vii) Insure any property or operations against any
risks or hazards;
(viii) Invest any funds held in reserves or sinking
funds, or any funds not required for immediate disbursement, in
property or securities in which savings banks may legally invest
funds subject to their control; to redeem its bonds at the
redemption price established therein or to purchase its bonds at
less than the redemption price and ensure that all bonds so
redeemed or purchased are cancelled;
(ix) Prepare plans for and assist in the relocation
of persons (including individuals, families, business concerns,
nonprofit organizations and others) displaced from a housing
project site.