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The City may, in furtherance of its parking and transit purposes, purchase, lease, obtain option upon, acquire by gift, grant, bequest, devise, eminent domain, or otherwise, and hold, sell, lease, exchange, transfer, assign or otherwise dispose of, any real or personal property within the City or any interest in, or improvement on, such property. All such property shall be acquired and held in the name of the City.
(Added by Ord. 225-81, App. 5/5/81)