(iii)as to the conditions on which property may be acquired by a [Municipality] [Substituted vide Orissa Act No. 11 of 1994 w.e.f. 31.5.1994.] or on which property vested in or belonging to such [Municipality] [Substituted vide Orissa Act No. 11 of 1994 w.e.f. 31.5.1994.] may be transferred by sale, mortgage, lease, exchange or otherwise: