{"identifier":"/us/usc/t36/s150905","title":36,"num":"\u00a7\u202f150905.","heading":"Powers","text":"\u00a7\u202f150905.\nPowers\nThe corporation may\u2014\n(1) adopt and amend bylaws for the management of its property and the regulation of its affairs;\n(2) adopt and alter a corporate seal;\n(3) choose directors, officers, trustees, managers, employees, and agents as the activities of the corporation require;\n(4) make contracts;\n(5) acquire, own, lease, encumber, and transfer property as necessary to carry out the purposes of the corporation;\n(6) borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;\n(7) sue and be sued; and\n(8) do any other act necessary and proper to carry out the purposes of the corporation.","url":"https://projectusc.org/usc/t36/s150905.html","content":[{"t":"sec","id":"/us/usc/t36/s150905","children":[{"t":"num","text":"\u00a7\u202f150905."},{"t":"heading","text":"Powers","tail":"\n"},{"t":"chapeau","text":"The corporation may\u2014"},{"t":"para","id":"/us/usc/t36/s150905/1","children":[{"t":"num","text":"(1)"},{"t":"content","text":" adopt and amend bylaws for the management of its property and the regulation of its affairs;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t36/s150905/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" adopt and alter a corporate seal;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t36/s150905/3","children":[{"t":"num","text":"(3)"},{"t":"content","text":" choose directors, officers, trustees, managers, employees, and agents as the activities of the corporation require;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t36/s150905/4","children":[{"t":"num","text":"(4)"},{"t":"content","text":" make contracts;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t36/s150905/5","children":[{"t":"num","text":"(5)"},{"t":"content","text":" acquire, own, lease, encumber, and transfer property as necessary to carry out the purposes of the corporation;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t36/s150905/6","children":[{"t":"num","text":"(6)"},{"t":"content","text":" borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t36/s150905/7","children":[{"t":"num","text":"(7)"},{"t":"content","text":" sue and be sued; and","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t36/s150905/8","children":[{"t":"num","text":"(8)"},{"t":"content","text":" do any other act necessary and proper to carry out the purposes of the corporation.","tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}