Every such corporation may make such bylaws for its regulation and government in any and all matters whatsoever, not inconsistent with the Constitution and laws of the United States and of this State, as may be deemed necessary and may add to, alter or amend them from time to time as may be desired; may appoint all necessary officers and prescribe their duties; may sue and be sued and plead and be impleaded in any court in this State or in the United States; may accept, purchase, hold, lease or otherwise acquire any property, real or personal, necessary or convenient to, and for the purposes of, the corporation and may use, sell, convey and dispose of such property as the interest of the company may require; may make contracts; may have and use a common seal; and may do all other lawful acts properly incident to and connected with such corporation and necessary and convenient for the control and transaction of its business.
HISTORY: 1962 Code Section 58-952; 1952 Code Section 58-952; 1942 Code Section 8261; 1932 Code Section 8206; Civ. C. '22 Section 4770; Civ. C. '12 Section 3105; Civ. C. '02 Section 2031; R. S. 1543; 1885 (19) 172.