Section 15-14-1-3 - Corporation powers A corporation incorporated under this chapter:
(1) has all the rights, powers, and privileges given to corporations by common law;(3) may borrow and secure payment of money by:(A) notes and mortgage; and(B) bonds or deeds of trust upon the corporation's personal and real property; and(4) may rent, lease, purchase, hold, sell, and convey real and personal property necessary and proper: (A) to erect buildings; and(B) for other purposes of a corporation organized under section 1(a) of this chapter.Pre-2008 Recodification Citation: 15-1-2-3.
As added by P.L. 2-2008, SEC.5.