77-5-229 - General powers of corporation.
§ 77-5-229. General powers of corporation.
Each corporation formed under this article is hereby vested with all power necessary or requisite for the accomplishment of its corporate purpose, and no enumeration of particular powers hereby granted in this article shall be construed to impair any general grant of power herein contained, or to limit any such grant to a power or powers of the same class or classes as those so enumerated.
Sources: Codes, 1942, § 5473; Laws, 1936, ch. 184.