(a) The Commission is hereby authorized and empowered to condemn, by resolution, any lands, interest in lands, property rights, rights of way, franchises, easements and other property deemed necessary or convenient for the construction and efficient operation of the turnpike or necessary in the restoration or relocation of public or private property damaged or destroyed, and the date of such resolution shall be the effective date of condemnation.

(b) The Commission is hereby authorized and empowered to acquire by purchase, whenever it shall deem such purchase expedient, any lands, interests in lands, property rights, rights of way, franchises, easements and other property deemed necessary or convenient for the construction and efficient operation of the turnpike or necessary in the restoration or relocation of public or private property damaged or destroyed, whether the same had theretofore been condemned or otherwise, upon such terms and at such price as may be considered by it to be reasonable and can be agreed upon between the Commission and the owner thereof, and to take title thereto in the name of the Commission.