Powers of corporations sole.

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  • (1) To acquire and possess, by donation, gift, bequest, devise or purchase, and to hold and maintain, property, real, personal and mixed; and to grant, sell, convey, rent or otherwise dispose of the same as may be necessary to carry on or promote the objects of the corporation.
  • (2) To borrow money and to give written obligations therefor, and to secure the payment thereof by mortgage or other lien upon real or personal property, when necessary to promote such objects.
  • (3) To contract and be contracted with.
  • (4) To sue and be sued.
  • (5) To plead and be impleaded in all courts of justice.
  • (6) To have and use a common seal by which all deeds and acts of such corporation may be authenticated.




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