§206-13  Power to lease, pledge, or
mortgage.  The board of land and natural resources also may lease or rent
any of the dwellings or other accommodations or any of the lands, buildings,
structures, or facilities embraced in any development project until such time
as it is practicable to sell the same in accordance with this chapter and
establish and revise the rents or charges therefor; mortgage or pledge any
property, real or personal, or any interest therein to any person, firm,
corporation, or government; enter upon any building or property in order to
conduct investigations or to make surveys or soundings; purchase, obtain
options upon, acquire by gift, grant, bequest, devise, or otherwise, any
property, real or personal, or any interest therein, from any person, firm,
corporation, or government; own, hold, clear, and improve property; insure or
provide for the insurance of the property or operations of the board against
such risks as the board may deem advisable; procure insurance or guarantees
from the federal government of the payment of any debts or parts thereof
secured by mortgages made or held by the board on any property included in any
development project. [L 1961, c 6, §11; Supp, §98J-11; HRS §206-13]