Section 72. Acquisition of lands for erection of monuments

The governing
  board of  a  municipal  corporation,  or  the  trustees  of  a  monument
  association,  may  acquire  not  to  exceed three acres of land, for the
  erection of an armed forces monument, or a monument or  other  structure
  as  a  memorial  of persons who served as members of the armed forces of
  the United States in any of its  wars,  or  of  some  distinguishing  or
  important  event  in  the history of the state or nation, and for laying
  out such lands as  a  park  or  square.  The  governing  board  of  such
  municipality  may  provide funds for the construction and maintenance of
  such memorial in whole or in part and to this end may authorize payments
  of public funds to the trustees of such a monument association for  such
  purpose.