2. In order to facilitate cooperation with the Federal Government in carrying out the programs contemplated by the Economic Opportunity Act of 1964 or related federal legislation, every local unit is authorized:
(a) To accept from the Federal Government, subject to terms and conditions appertaining thereto, grants of funds, equipment, supplies, material and other property; and
(b) to hold, use, expend, deal with, employ, distribute and dispose of such funds, equipment, supplies, material and other property; and
(c) to appropriate money; and
(d) to enter into contracts and agreements with the federal and state governments, other local units or private organizations; and
(e) to engage in such activities and to do such other acts and things as may be necessary or convenient to carry out the powers given in this act.