The city may acquire real, personal, or mixed property for any public purpose by purchase, gift, bequest, devise, lease, or otherwise and may sell, lease or otherwise dispose of any property belonging to the city. All city property, funds, and franchises of every kind belonging to or in the possession of the city (by whatever prior name known) at the time this charter becomes effective are vested in the city, subject to the terms and conditions thereof. Any single acquisition exceeding one-half of one percent of the then current assessable base of the city must first receive approval in a city referendum on the issue.
The city may condemn property of any kind, or interest therein or franchise connected therewith, in fee or as an easement, within the corporate limits of the city, for any public purpose. Any activity, project, or improvement authorized by the provisions of this charter or any other State law applicable to the city is a public purpose. The manner of procedure in case of any condemnation proceeding shall be that established in Title 12 of the Real Property Article of the Code.
The city may acquire, obtain by lease or rent, purchase, construct, operate, and maintain all buildings and structures it deems necessary for the operation of the city government.
The city may do whatever may be necessary to protect city property and to keep all city property in good condition.