The Authority shall possess and exercise all the powers of a corporation pursuant to KRS Chapter 58 and Chapter 273, including but not limited to the following:
(A) Possess all necessary powers to apply for and accept grants, contributions and donations from the federal, state or local governments, corporations, or individuals;
(B) Possess all necessary powers to operate, maintain and develop surplus military facilities as privatized facilities and to lease said surplus facilities as privatized facilities, commercial business or industrial development.
(1999 Lou. Code, § 33.351) (Lou. Ord. No. 101-1995, approved 7-14-1995; Lou. Metro Am. Ord. No. 119-2007, approved 7-2-2007)