[§414-42]  General powers.  Unless itsarticles of incorporation provide otherwise, every corporation has perpetualduration and succession in its corporate name and has the same powers as anindividual to do all things necessary or convenient to carry out its businessand affairs, including without limitation, the power:

(1)  To sue and be sued, complain and defend in itscorporate name;

(2)  To have a corporate seal, which may be altered atwill, and to use it, or a facsimile of it, by impressing or affixing it or inany other manner reproducing it;

(3)  To make and amend bylaws, not inconsistent withits articles of incorporation or with the laws of this State, for managing thebusiness and regulating the affairs of the corporation;

(4)  To purchase, receive, lease, or otherwiseacquire, and own, hold, improve, use, and otherwise deal with, real or personalproperty, or any legal or equitable interest in property, wherever located;

(5)  To sell, convey, mortgage, pledge, lease,exchange, and otherwise dispose of all or any part of its property;

(6)  To purchase, receive, subscribe for, or otherwiseacquire; own, hold, vote, use, sell, mortgage, lend, pledge, or otherwisedispose of; and deal in and with shares or other interests in, or obligationsof, any other entity;

(7)  To make contracts and guarantees, incurliabilities, borrow money, issue its notes, bonds, and other obligations (whichmay be convertible into or include the option to purchase other securities ofthe corporation), and secure any of its obligations by mortgage or pledge ofany of its property, franchises, or income;

(8)  To lend money, invest and reinvest its funds, andreceive and hold real and personal property as security for repayment;

(9)  To be a promoter, partner, member, associate, ormanager of any partnership, joint venture, trust, or other entity;

(10)  To conduct its business, locate offices, andexercise the powers granted by this chapter within or without this State;

(11)  To elect directors and appoint officers,employees, and agents of the corporation, define their duties, fix theircompensation, and lend them money and credit;

(12)  To pay pensions and establish pension plans,pension trusts, profit sharing plans, share bonus plans, share option plans,and benefit or incentive plans for any or all of its current or formerdirectors, officers, employees, and agents;

(13)  To make donations for the public welfare or forcharitable, scientific, or educational purposes;

(14)  To transact any lawful business that will aidgovernmental policy; and

(15)  To make payments or donations, or do any otheract, not inconsistent with law, that furthers the business and affairs of thecorporation. [L 2000, c 244, pt of §1]