2.__Acquisition of properties; rights.__The authority may acquire any of the properties or rights listed in subsection 1 through purchase, lease, lease-purchase, gift, devise or otherwise.__In making these acquisitions the authority may exercise the power of eminent domain following the same procedure set forth in section 7154, subsection 5, except that any notice of condemnation must be filed in the registry of deeds for the county or counties or registry division or divisions in which the property is located, in the case of real property, and with the office of the Secretary of State in the case of personal property.

§8203. Contracts; studies

In order to implement section 8202 and the purposes of this chapter, the authority shall:

1.__Conduct studies.__Conduct or cause to be conducted any studies that the authority determines necessary or proper;

2.__Enter into contracts.__Enter into and fulfill any contracts and agreements the authority determines necessary or proper;

3.__Acquire property.__Acquire property, including, but not limited to, railroad lines both within and outside of this State; and

4.__Cooperate with government agencies.__Cooperate and enter into agreements, contracts and compacts with any government agency and any other person, public or private, that the authority determines necessary.

§8204.__Funding;__expenditures of funds

1.__Source of funds.__The authority may accept money from the Federal Government or any public or private source.__The authority may also obtain funds by charging for the use of authority facilities or by borrowing.

2.__Expenditure of funds.__Funds credited to the authority must be expended to implement this chapter.