COI.298

Power to acquire property

(1) The executive power of the Union and of each State shall extend, subject to any law made by the appropriate Legislature, to the grant, sale, disposition or mortgage of any property held for the purposes of the Union or of such State, as the case may be, and to the purchase or acquisition of property for those purposes respectively, and to the making of contracts.

⁠(2) All property acquired for the purposes of the Union or of a State shall vest in the Union or in such State, as the case may be.