The legal title to all property acquired under the provisions of chapters 46A-4 to 46A-7, inclusive, shall immediately and by operation of law vest in such irrigation district in its corporate name, and shall be held by such district in trust for, and is hereby dedicated and set apart to, the uses and purposes set forth in said chapters. The board of directors is hereby authorized to hold, use, acquire, manage, occupy, and possess such property as herein provided.

Source: SDC 1939, § 61.0811; SDCL, § 46-13-11.