For any public purposes, the town may acquire by purchase, gift, bequest, devise, lease, condemnation or otherwise any real, personal or mixed property within or without the corporate limits of the town. The town may sell, lease or otherwise dispose of any property belonging to the town. All municipal property, funds and franchises of every kind belonging to or in the possession of the town at the time this Charter becomes effective are vested in the town, subject to the terms and conditions thereof.
The town 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 town, for any public purpose. Any activity, project or improvement authorized by the provisions of this Charter or any other state law applicable to the town is a public purpose. The procedure in case of any condemnation proceeding shall be that established by the State of Maryland [currently Title 12 of the Real Property Article of the Annotated Code of Maryland (1974 Edition)].
The town may do whatever may be necessary to protect town property and to keep all town property in good condition.