50. (1) The Government may, by rules- (a) provide for the management, maintenance, improvement and development of the property belonging to or vesting in Union Parishad; (b) regulate the alienation of such property; and (c) provide for the compulsory acquisition of such immovable property as may be required by a Union Parishad for the purposes of this Ordinance. (2) A Union Parishad may- (a) manage, maintain, inspect, develop or improve any property which is owned by or vests in it or which is placed under its charge; (b) apply such property for the purposes of this Ordinance or the rules; and (c) acquire or transfer by grant, gift, sale, mortgage, lease, exchange or otherwise any property.