The Building Commission shall have plenary power and authority to:
(a) Sue and be sued;
(b) Contract and be contracted with;
(c) Adopt, use, and alter a common seal;
(d) Make and adopt all necessary, appropriate, and lawful bylaws, rules, and regulations pertaining to its affairs;
(e) Elect such officers, appoint such committees and agents, and employ and fix the compensation of such employees and contractors as may be necessary for the conduct of the affairs and operation of the Building Commission;
(f) Acquire, purchase, own, and hold any property, real or personal, and acquire, construct, equip, maintain, and operate public buildings, structures, projects, and appurtenant facilities, of any type or types for which the City Council of Lewisburg creating the Building Commission is permitted by law to expend public funds (all hereinafter in this article referred to as facilities);
(g) Apply for, receive and use grants-in-aid, donations, and contributions from any source or sources, including but not limited to, the United States of America, or any department or agency thereof, and accept and use bequests, devises, gifts, and donations from any source whatsoever;
(h) Sell, encumber, or dispose of any property, real or personal;
(i) Issue negotiable bonds, notes, debentures, or other evidence in indebtedness, and provide for the rights of the holders thereof, incur any proper indebtedness and issue any obligations and give any security therefore which it may deem necessary or advisable in connection with exercising powers as provided herein;
(j) Raise funds by the issuance and sale of revenue bonds in the manner provided by the applicable provisions of Chapter 8 of the West Virginia Code, being: sections seven, ten, twelve, and sixteen [§§8-16-7, 8-16-10, 8-16-12, and 8-16-16], article sixteen, without regard to the extent provided in section five [§8-33-5] of this article, to the limitations specified in said section twelve [§8-16-12], article sixteen, it being hereby expressly provided that for the purpose of the issuance and sale of revenue bonds, the Building Commission is a governing body as that term is used in article sixteen [§8-16-1 et seq.] only.
(k) Subject to such reasonable limitations and conditions as the City Council may prescribe by Ordinance or by order, exercise the power of eminent domain in the manner provided by chapter fifty-four [§54-1-1 et seq.] of the West Virginia Code for business corporations, for the purposes set forth in subsection (f) hereof, which purposes are hereby declared public purposes for which private property may be taken or damaged;
(l) Lease its property or any part thereof, for public purposes, to such persons and upon such terms as the Building Commission deems proper, but when the City of Lewisburg or the Greenbrier County Commission is a lessee under any such lease, such lease must contain a provision granting the City of Lewisburg or the Greenbrier County Commission the option to terminate such lease during any fiscal year covered thereby; and
(m) Do all things reasonable and necessary to carry out the foregoing powers.