§ 30705. Powers

adopt and amend a constitution and bylaws for the management of its property and the regulation of its affairs;

adopt and alter a corporate seal;

choose officers, managers, agents, and employees as the activities of the corporation require;

make contracts;

acquire, own, lease, encumber, and transfer property as necessary to carry out the purposes of the corporation;

borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;

use corporate funds to give prizes, awards, loans, scholarships, and grants to deserving students to carry out the purpose of the corporation;

publish a magazine and other publications;

sue and be sued; and

do any other act necessary and proper to carry out the purpose of the corporation.