Section 62. The general rule seems to be that a municipal corporation, in the absence of disabling or restraining statutes, may become the recipient of gifts, bequests and devises made to it, in trust for particular objects within the scope of its corporate duties, or for general purposes germane to the objects of the corporation.3

2 Dillon, Mun. Corp. (3rd Ed.), Vol., 2, Par. 561.

Mode of acquiring property. In the absence of charter provisions restricting or pointing out a particular mode municipal corporations may acquire such property as they have the right to possess, in any legal or lawful manner. They may also lease and purchase property on credit, if not in contravention of some statutory provision or restricted by charter.