§ 40505. Powers
The corporation may—
(1)
adopt and amend a constitution and bylaws for the management of its property and the regulation of its affairs;
(6)
acquire, own, lease, encumber, and transfer property as necessary or convenient to carry out the purposes of the corporation;
(7)
borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;