The corporation is empowered to construct a system of sewers and repair the same, and for that purpose may take such lands as are necessary, and in taking lands for such purposes, the corporation and its Board of Trustees shall proceed in the manner prescribed for towns and the selectboard in taking lands for highway purposes, and the corporation may borrow such sums of money to defray the expenses of such sewers as it may by vote determine, and for that purpose, may issue bonds with coupons attached on such terms and in such manner as the corporation may prescribe.