Statutes > Iowa Statutes > Title 7 - Education and Cultural Affairs > Subtitle 4 - Regents Institutions > CHAPTER 262 - BOARD OF REGENTS > 262.38 - BORROWING MONEY AND MORTGAGING PROPERTY.

262.38 - BORROWING MONEY AND MORTGAGING PROPERTY.

        262.38  BORROWING MONEY AND MORTGAGING PROPERTY.
         In carrying out the above powers, said 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.
         Section History: Early Form
         [C27, 31, 35, § 3945-a4; C39, § 3945.4; C46, 50, 54, 58, 62,
      66, 71, 73, 75, 77, 79, 81, § 262.38]
         Referred to in § 262.34B, 262A.2