(1) To have perpetual succession by its corporate name unless a limited period of duration is stated in its articles of incorporation;

(2) To sue, be sued, complain, and defend, in its corporate name;

(3) To have a corporate seal which may be altered at pleasure, and to use the seal by causing it, or a facsimile thereof, to be impressed, affixed, or in any other manner reproduced;

(4) To purchase, take, receive, lease, take by gift, devise, or bequest, or otherwise acquire, own, hold, improve, use, and otherwise deal in and with real or personal property, or any interest therein, wherever situated;

(5) To sell, convey, mortgage, pledge, lease, exchange, transfer, and otherwise dispose of all or any part of its property and assets;

(6) To lend money and use its credit to assist its employees who are not also members, directors, or officers;

(7) To purchase, take, receive, subscribe for, or otherwise acquire, own, hold, vote, use, employ, sell, mortgage, lend, pledge, or otherwise dispose of, and otherwise use and deal in and with, shares or other interests in, or obligations of, other domestic or foreign corporations, whether for profit or not for profit, associations, partnerships, or individuals, or direct or indirect obligations of the United States or of any other government, state, territory, governmental district, or municipality or of any instrumentality thereof;

(8) To make contracts and incur liabilities; borrow money at such rates of interest as the corporation may determine; issue its notes, bonds, and other obligations; and secure any of its obligations by mortgage or pledge of all or any portion of its property, franchises, and income;

(9) To lend money for its corporate purposes, invest and reinvest its funds, and take and hold real and personal property as security for the payment of funds so loaned or invested;

    (10) To conduct its affairs, carry on its operations, and have offices and exercise the powers granted by this chapter within or without this State;

    (11) To elect or appoint officers and agents of the corporation, who may be directors or members, define their duties, and fix their compensation;

    (12) To make and alter bylaws, not inconsistent with its articles of incorporation or with the laws of this State, for the administration and regulation of the affairs of the corporation;

    (13) Unless otherwise provided in the articles of incorporation, to make donations for the public welfare or for charitable, scientific, or educational purposes; and during periods where the United States is engaged in armed conflict, to make donations in aid of military and related operations;

    (14) To pay pensions and establish pension plans or pension trusts for any or all of its directors, officers, and employees;

    (15) To cease its corporate activities and surrender its corporate franchise;

    (16) To have and exercise all powers necessary or convenient to effect its purposes. [L 1985, c 270, pt of §1]