(a) Each district is a public corporate body that exercises public and essential government functions, for the public health and welfare.
(b) As to any project, each district may do any of the following:
(1) Acquire the project.
(2) Construct the project.
(3) Hold the project.
(4) Improve the project.
(5) Lease the project as a lessee or lessor.
(6) Maintain the project.
(7) Operate the project.
(8) Own the project.
(9) Reconstruct the project.
(10) Repair the project.