10-11904. Powers of corporation sole


Upon executing and filing for record articles of incorporation as provided in this
article, the person subscribing thereto and his successor in office by the name or title
specified in the articles, shall thereafter be deemed a corporation sole with perpetual
succession, and may acquire and possess, by gift, bequest, devise or purchase, and hold
property, sell, rent or otherwise dispose of such property, borrow money and give written
security therefor, and secure payment thereof by mortgage or other lien.