F.__Provide for the bonding of municipal service district officials or employees by requiring the furnishing of such bond, conditioned upon honesty or faithful performance of duty and determine the amount, form and sufficiency of the sureties thereof.

3.__Property.__A municipal service district may:

A.__Take or acquire by gift, purchase, grant, including any grant from the United States or the State, bequest or devise and hold, condemn, lease, sell, manage, transfer, release and convey such real and personal property or interest therein absolutely or in trust as the purposes of the municipal service district or any public use or purpose require. Any lease of real or personal property or any interest in a lease of real or personal property, either as lessee or lessor, may be for such term or any extensions thereof and upon such other terms and conditions as have been approved by the municipal service district, including without limitation the power to obligate itself to appropriate funds as necessary to meet rent and other obligations as provided in any such lease; and

B.__Provide for the proper administration of gifts, grants, bequests and devises and meet such terms or conditions as are prescribed by the grantor or donor and accepted by the municipal service district.

4.__Development districts.__A municipal service district may establish development districts, including but not limited to state tax increment financing districts in accordance with chapter 206, subchapter 2.

5.__Other.__A municipal service district may:

A.__Adopt rules, regulations and procedures not inconsistent with state law necessary to carry out its powers and duties under this chapter and its charter, including but not limited to rules, regulations and procedures necessary to resolve conflicts in ordinances or other rules or enactments of one or more participating municipalities; and

B.__Assume such other powers and duties of municipalities that, by agreement and revision of the charter as necessary,