(A) The Land Bank may, on terms and conditions and in a manner deemed proper by the Board of Directors, acquire any real property or interest thereof by gift, devise, transfer, exchange, foreclosure, purchase or other means.
(B) The Land Bank shall hold in its own name any real property or interest thereof so acquired.
(C) The Land Bank shall only acquire real property or interest thereof located within the municipality.
(Ord. passed 1-10-2022)