§ 7-6-5 General powers. – Each corporation has power to:
(1) Have perpetual succession by its corporate name unless alimited period of duration is stated in its articles of incorporation.
(2) Sue and be sued, complain and defend, in its corporatename.
(3) Have a corporate seal which may be altered at pleasure,and to use that seal by causing it, or a facsimile of it, to be impressed oraffixed or in any other manner reproduced.
(4) Purchase, take, receive, lease, take by gift, devise, orbequest, or otherwise acquire, own, hold, improve, use, and otherwise deal inand with real or personal property, or any interest in real or personalproperty, wherever situated, and without restriction as to amount.
(5) Sell, convey, mortgage, pledge, lease, exchange,transfer, and otherwise dispose of all or any part of its property and assets.
(6) Lend money to and use its credit to assist its employees(other than employees who are also directors) and otherwise assist itsemployees.
(7) Purchase, take, receive, subscribe for, or otherwiseacquire, own, hold, vote, use, employ, sell, mortgage, lend, pledge, orotherwise dispose of, and otherwise use and deal in and with, shares or otherinterests in, or obligations of, other domestic or foreign corporations,whether for profit or not for profit, associations, partnerships, orindividuals, or direct or indirect obligations of the United States, or of anyother government, state, territory, governmental district or municipality, orof any instrumentality of those entities.
(8) Make contracts and guarantees and incur liabilities,borrow money at the rates of interest that the corporation determines, issueits notes, bonds, and other obligations, guarantee debts and secure any of itsobligations by mortgage or pledge of all or any of its property, franchises,and income.
(9) Lend money for its corporate purposes, invest andreinvest its funds, and take and hold real and personal property as securityfor the payments of funds loaned or invested in that manner.
(10) Conduct its affairs, carry on its operations, haveoffices, and exercise the powers granted by this chapter within or without thisstate.
(11) Elect or appoint officers and agents of the corporation,who may be directors or members, and define their duties and fix theircompensation.
(12) Make and alter bylaws, not inconsistent with itsarticles of incorporation or with the laws of this state, for theadministration and regulation of the affairs of the corporation.
(13) Unless otherwise provided in the articles ofincorporation, make donations for the public welfare or for charitable,scientific, or educational purposes.
(14) Pay pensions and establish pension plans or pensiontrusts for any or all of its directors, officers, and employees.
(15) Have and exercise all powers necessary or convenient toeffect any or all of the purposes for which the corporation is organized.
§ 7-6-5 General powers. – Each corporation has power to:
(1) Have perpetual succession by its corporate name unless alimited period of duration is stated in its articles of incorporation.
(2) Sue and be sued, complain and defend, in its corporatename.
(3) Have a corporate seal which may be altered at pleasure,and to use that seal by causing it, or a facsimile of it, to be impressed oraffixed or in any other manner reproduced.
(4) Purchase, take, receive, lease, take by gift, devise, orbequest, or otherwise acquire, own, hold, improve, use, and otherwise deal inand with real or personal property, or any interest in real or personalproperty, wherever situated, and without restriction as to amount.
(5) Sell, convey, mortgage, pledge, lease, exchange,transfer, and otherwise dispose of all or any part of its property and assets.
(6) Lend money to and use its credit to assist its employees(other than employees who are also directors) and otherwise assist itsemployees.
(7) Purchase, take, receive, subscribe for, or otherwiseacquire, own, hold, vote, use, employ, sell, mortgage, lend, pledge, orotherwise dispose of, and otherwise use and deal in and with, shares or otherinterests in, or obligations of, other domestic or foreign corporations,whether for profit or not for profit, associations, partnerships, orindividuals, or direct or indirect obligations of the United States, or of anyother government, state, territory, governmental district or municipality, orof any instrumentality of those entities.
(8) Make contracts and guarantees and incur liabilities,borrow money at the rates of interest that the corporation determines, issueits notes, bonds, and other obligations, guarantee debts and secure any of itsobligations by mortgage or pledge of all or any of its property, franchises,and income.
(9) Lend money for its corporate purposes, invest andreinvest its funds, and take and hold real and personal property as securityfor the payments of funds loaned or invested in that manner.
(10) Conduct its affairs, carry on its operations, haveoffices, and exercise the powers granted by this chapter within or without thisstate.
(11) Elect or appoint officers and agents of the corporation,who may be directors or members, and define their duties and fix theircompensation.
(12) Make and alter bylaws, not inconsistent with itsarticles of incorporation or with the laws of this state, for theadministration and regulation of the affairs of the corporation.
(13) Unless otherwise provided in the articles ofincorporation, make donations for the public welfare or for charitable,scientific, or educational purposes.
(14) Pay pensions and establish pension plans or pensiontrusts for any or all of its directors, officers, and employees.
(15) Have and exercise all powers necessary or convenient toeffect any or all of the purposes for which the corporation is organized.
§ 7-6-5 General powers. – Each corporation has power to:
(1) Have perpetual succession by its corporate name unless alimited period of duration is stated in its articles of incorporation.
(2) Sue and be sued, complain and defend, in its corporatename.
(3) Have a corporate seal which may be altered at pleasure,and to use that seal by causing it, or a facsimile of it, to be impressed oraffixed or in any other manner reproduced.
(4) Purchase, take, receive, lease, take by gift, devise, orbequest, or otherwise acquire, own, hold, improve, use, and otherwise deal inand with real or personal property, or any interest in real or personalproperty, wherever situated, and without restriction as to amount.
(5) Sell, convey, mortgage, pledge, lease, exchange,transfer, and otherwise dispose of all or any part of its property and assets.
(6) Lend money to and use its credit to assist its employees(other than employees who are also directors) and otherwise assist itsemployees.
(7) Purchase, take, receive, subscribe for, or otherwiseacquire, own, hold, vote, use, employ, sell, mortgage, lend, pledge, orotherwise dispose of, and otherwise use and deal in and with, shares or otherinterests in, or obligations of, other domestic or foreign corporations,whether for profit or not for profit, associations, partnerships, orindividuals, or direct or indirect obligations of the United States, or of anyother government, state, territory, governmental district or municipality, orof any instrumentality of those entities.
(8) Make contracts and guarantees and incur liabilities,borrow money at the rates of interest that the corporation determines, issueits notes, bonds, and other obligations, guarantee debts and secure any of itsobligations by mortgage or pledge of all or any of its property, franchises,and income.
(9) Lend money for its corporate purposes, invest andreinvest its funds, and take and hold real and personal property as securityfor the payments of funds loaned or invested in that manner.
(10) Conduct its affairs, carry on its operations, haveoffices, and exercise the powers granted by this chapter within or without thisstate.
(11) Elect or appoint officers and agents of the corporation,who may be directors or members, and define their duties and fix theircompensation.
(12) Make and alter bylaws, not inconsistent with itsarticles of incorporation or with the laws of this state, for theadministration and regulation of the affairs of the corporation.
(13) Unless otherwise provided in the articles ofincorporation, make donations for the public welfare or for charitable,scientific, or educational purposes.
(14) Pay pensions and establish pension plans or pensiontrusts for any or all of its directors, officers, and employees.
(15) Have and exercise all powers necessary or convenient toeffect any or all of the purposes for which the corporation is organized.
