(1) The Historic Arkansas Museum Commission is authorized to acquire for and in the name of the State of Arkansas, by purchase, gift, donation, or otherwise, the title to the west one-half (½) of Block 32 of the Original City of Little Rock, Arkansas, which adjoins the present property owned by the State of Arkansas upon which the buildings housing the Arkansas Territorial Capitol and other historic buildings and facilities are located.
(2) The commission is authorized to acquire for and in the name of the State of Arkansas, by purchase, gift, donation, or otherwise, the title to property which is adjacent to Block 32 of the Original City of Little Rock, Arkansas.
(3) The commission may use its property and make improvements thereon as it deems to be in the furtherance of the aims and purposes of the commission as prescribed by law.