§ 35-12-6 - Additional powers.
SECTION 35-12-6
§ 35-12-6 Additional powers. – In addition to the powers enumerated in § 35-12-5, the corporation shallhave power to:
(1) Purchase accounts from the university for suchconsideration and upon such terms and conditions as the corporation shalldetermine;
(2) Pledge purchased accounts as security for any borrowingsundertaken by the corporation or sell the accounts for such consideration andon such terms and conditions as the corporation shall determine;
(3) Borrow money and issue notes and provide for the rightsof the holders thereof, and secure the notes by assignment, pledge, or grantingof a security interest in accounts, including, without limitation, all or apart of its interest in accounts for the purpose of providing funds toeffectuate its purposes under this chapter; and
(4) Create and establish such other fund or funds as may benecessary or desirable for its corporate purposes.