A corporation organized under this chapter may
(1) acquire by donation, gift, bequest, devise, or purchase, and hold and maintain real and personal property, and grant, sell, convey, or otherwise dispose of property as may be necessary to carry on or promote the objects of the corporation, but not for the purpose of obtaining revenue or profits from the property;
(2) borrow money and give written obligations for repayment, and give mortgages or other liens upon real or personal property to secure payment of written obligations, when necessary to promote the objects of the corporation;
(3) enter into contracts;
(4) sue and be sued;
(5) adopt and use a common seal by which all deeds and acts of the corporation may be authenticated.
Section: Previous 10.40.010 10.40.015 10.40.020 10.40.030 10.40.040 10.40.050 10.40.060 10.40.070 10.40.080 10.40.090 10.40.100 10.40.105 10.40.110 10.40.120 10.40.125 NextLast modified: November 15, 2016