Sec. 3. (a) The articles of association must be filed with the secretary of state, and a copy must be filed with the county recorder of the county where the veterans association's principal place of business is located. (b) After the articles of association are filed with the secretary of state and county recorder, the veterans association is a body politic and corporate, with the following powers: (1) To sue and be sued in the veterans association's corporate name. (2) To acquire property, real and personal, by gift, devise, bequest, and purchase. (3) To use, lease, or dispose of personal or real property that furthers the purposes of the association. (4) To borrow money and to issue notes, bonds, or other usual forms of securities. (5) To secure the payment of the veterans association's obligations by mortgages or deeds of trust upon the veterans association's real or personal property. [Pre-2003 Recodification Citation: 10-7-11-3.]
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