The downtown center special services district constitutes a body politic and corporate and the ordinance establishing the district confers upon the district the following powers and other powers as are provided in the chapter:

(1)  To sue or be sued;

(2)  To acquire, hold and convey any estate, real or personal;

(3)  To contract;

(4)  To borrow money, provided any obligation incurred for this purpose is discharged not more than one year after it was incurred, and the district may pledge any revenues to be received pursuant to § 45-56-6 against the obligation;

(5)  To recommend to the legislative body of the municipality in which the district is located the imposition of a levy upon the taxable interests in real property within the district, the revenues from which may be used in carrying out any of the powers of the district;

(6)  To construct, own, operate and maintain public improvements; and

(7)  To provide, within the district, some or all of the other services which the municipality is authorized to provide, except that the ordinance may not confer upon the district the power to provide elementary or secondary public education services; and, provided, further, that the ordinance may not confer upon the district the power to provide services which are then being provided within any portion of the area included in the district by any multi-town body or authority.