§ 152305. 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 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;
(8)
use corporate funds to give prizes, awards, loans, scholarships, and grants to deserving composers, conductors, and others for the purposes stated in section
152302 of this title and for other purposes the board of directors considers proper;