17.1.2.080 GENERAL POWERS OF THE CORPORATION.

Each corporation shall have power:

(a) To have perpetual succession by its corporate name unless a limited period of duration is stated in its articles of incorporation.

(b) To sue and be sued, complain and defend, in its corporate name.

(c) To have a corporate seal which may be altered at its pleasure, and to use the same by causing it, or a facsimile thereof, to be impressed or affixed or in any other manner reproduced.

(d) To purchase, take, receive, lease, or otherwise acquire, own, hold, improve, use and otherwise dealing with, real or personal property, or any interest therein, wherever situated.

(e) To sell, convey, mortgage, pledge, lease, exchange, transfer and otherwise dispose of all or any part of its property and assets, except for tribal trust property to which it may have an interest in.

(f) To lend money and use its credit for any lawful purpose.

(g) To purchase, take, receive, subscribe for, or otherwise acquire, own, hold, vote, use, employ, sell, mortgage, lend, pledge, or otherwise dispose of, and otherwise use and deal in and with, shares or other interests in, or obligations of, other domestic or foreign corporations, associations, partnerships or individuals, or direct or indirect obligations of the United States or of any other government, state, territory, governmental district or municipality or of any instrumentality thereof.

(h) To make contracts and guarantees and incur liabilities, borrow money, issue its notes, bonds and other obligations by mortgage or pledge of all or any of its property and income, except for any interest in tribal trust property.

(i) To lend money for its corporate purposes, invest or reinvest its funds, and take and hold real and personal property as security/collateral for the payment of funds so loaned or invested.

(j) To conduct its business, carry on its operations and have offices and exercise the powers granted by this Ordinance, within or without the exterior boundaries of the Pueblo of San Ildefonso.

(k) To elect or appoint officers and agents of the corporation, and define their duties and fix their compensation.

(l) To make and amend bylaws, not inconsistent with its articles of incorporation or with the laws of the Pueblo of San Ildefonso for the administration and regulation of the affairs of the corporation.

(m) To make donation for the public welfare or for charitable, scientific, educational or cultural purposes.

(n) To transact any lawful business.

(o) To pay pensions and establish pension plans, pension trusts, profit sharing plans, stock option plans, stock bonus plans or other incentive plans for any or all of its directors, officers and employees.

(p) To be partner, member, associate, manager or associate of any partnership, joint venture, trust or other enterprise.

(q) To have and exercise all powers necessary or convenient to effectuate its purposes.