Borrowing money and mortgaging property
[C27, 31, 35, §3945-a4; C39, §3945.4; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §262.38] 2020 Acts, ch 1063, §111
In carrying out the powers enumerated in this subchapter, the board may:
- 1. Borrow money.
- 2. Mortgage any real estate so acquired and the improvements erected thereon in order to secure necessary loans.
- 3. Pledge the rents, profits, and income received from any such property for the discharge of mortgages so executed.
[C27, 31, 35, §3945-a4; C39, §3945.4; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §262.38] 2020 Acts, ch 1063, §111
Referred to in §262.34B, 262A.2