Section 423. Powers and duties of municipalities

A municipality is hereby
  authorized to:
    1. Undertake and carry out any municipal transportation infrastructure
  renewal project for which state assistance  is  received  or  is  to  be
  received pursuant to this article.
    2.  To expend money received from the state together with other moneys
  available to it for costs incurred for any such project.
    3. To contract with any person, firm, corporation  or  agency,  either
  governmental  or  private, for the purpose of accomplishing the purposes
  of this article.
    4. To apply for and receive  moneys  of  the  state  and  the  federal
  government  for  the purposes of accomplishing projects undertaken or to
  be undertaken pursuant to this article.
    5. To perform such other and further acts as may be necessary,  proper
  or   desirable   in   order   to   carry  out  municipal  transportation
  infrastructure renewal projects or  any  obligation,  duty  or  function
  relating thereto.