A society, an association, or a corporation described in section 1 of this chapter, with authority of its board of directors, may:

1. (1) borrow money;
2. (2) mortgage its property; and

3. (3) issue notes, bonds, and other obligations without restrictions other than those applying to corporations generally.

   [Pre-2008 Recodification Citation: 15-1-10-1 part.]

As added by P.L.2-2008, SEC.5.