§ 140505 — Powers

The corporation may— (1) adopt and amend a constitution and bylaws for the management of its property and the regulation of its affairs; (2) adopt and alter a corporate seal; (3) make contracts; (4) acquire, own, lease, encumber, and transfer property as necessary or convenient to carry out the purposes of the corporation; (5) borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property; (6) charge and collect membership dues; and (7) sue and be sued.