KRS 83.420: Incorporation and general powers.

The inhabitants of each city of the first class shall constitute a corporation, with power

to govern themselves by any ordinances and resolutions for municipal purposes not in

conflict with the Constitution or laws of this state or of the United States. In its corporate

capacity the city may contract and be contracted with and may sue and be sued. It may

adopt a common seal and change it at pleasure or act without a seal. It may acquire

property for municipal purposes by purchase or otherwise. It may hold all its property

either in its own name or in the name of others, to the use of the city, for the purposes for

which the property was granted or dedicated, and may use, manage, improve, sell and

convey, rent or lease its property.