The board may:
(a) Sue and be sued;
(b) enter into contracts;
(c) appoint and remove staff and provide for the compensation thereof;
(d) acquire, by purchase, gift or devise, and convey any real property, including easements and reversionary interests, and personal property subject to the provisions of this act;
(e) rebate all, or any portion thereof, the taxes on any property sold or conveyed by the bank;
(f) exercise any other power which may be delegated to the land bank by the governing body; and
(g) exercise any other incidental power which is necessary to carry out the purposes of the land bank and this act.