The board shall possess the following powers, duties and responsibilities:
The board is hereby authorized and empowered, in its discretion, to lease land on a yearly basis.
Before such real estate is sold, conveyed, assigned, purchased or leased, the fair market value of such real estate shall be determined by the averaging of at least three (3) appraisals by Mississippi members of the American Institute of Real Estate Appraisers. Such appraisals shall be paid for by the board.
The board shall not sell, convey, assign or lease any interest in real property which it has acquired from the State of Mississippi. There shall be no appraisal required for real property leased from the state for use in a district zoological park.
The board is hereby authorized to obtain abstracts and surveys, and to engage the services of attorneys to conduct the above described transactions. The board is authorized to obtain title insurance on property purchased if, in the opinion of the board, the best interests of the zoological district would be served.
Miss. Code § 55-21-9