§ 30705. Powers
The corporation may—
(1)
adopt and amend a constitution and bylaws for the management of its property and the regulation of its affairs;
(5)
acquire, own, lease, encumber, and transfer property as necessary to carry out the purposes of the corporation;
(6)
borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;
(7)
use corporate funds to give prizes, awards, loans, scholarships, and grants to deserving students to carry out the purpose of the corporation;