§ 202. General and special powers.\n (a) Each corporation, subject to any limitations provided in this\nchapter or any other statute of this state or its certificate of\nincorporation, shall have power in furtherance of its corporate\npurposes:\n (1) To have perpetual duration.\n (2) To sue and be sued in all courts and to participate in actions and\nproceedings, whether judicial, administrative, arbitrative or otherwise,\nin like cases as natural persons.\n (3) To have a corporate seal, and to alter such seal at pleasure, and\nto use it by causing it or a facsimile to be affixed or impressed or\nreproduced in any other manner.\n (4) To purchase, receive, take by grant, gift, devise, bequest or\notherwise, lease, or otherwise acquire, own, hold, improve, employ, use\nand otherwise deal in and with, real or personal property, or any\ninterest therein, wherever situated.\n (5) To sell, convey, lease, exchange, transfer or otherwise dispose\nof, or mortgage or pledge, or create a security interest in, all or any\nof its property, or any interest therein, wherever situated.\n (6) To purchase, take, receive, subscribe for, or otherwise acquire,\nown, hold, vote, employ, sell, lend, lease, exchange, transfer, or\notherwise dispose of, mortgage, pledge, use and otherwise deal in and\nwith, bonds and other obligations, shares, or other securities or\ninterests issued by others, whether engaged in similar or different\nbusiness, governmental, or other activities.\n (7) To make capital contributions or subventions to other\nnot-for-profit corporations.\n (8) To accept subventions from other persons or any unit of\ngovernment.\n (9) To make contracts, give guarantees and incur liabilities, borrow\nmoney at such rates of interest as the corporation may determine, issue\nits notes, bonds and other obligations, and secure any of its\nobligations by mortgage or pledge of all or any of its property or any\ninterest therein, wherever situated.\n (10) To lend money, invest and reinvest its funds, and take and hold\nreal and personal property as security for the payment of funds so\nloaned or invested.\n (11) To conduct the activities of the corporation and have offices and\nexercise the powers granted by this chapter in any jurisdiction within\nor without the United States.\n (12) To elect or appoint officers, employees and other agents of the\ncorporation, define their duties, fix their reasonable compensation and\nthe reasonable compensation of directors, and to indemnify corporate\npersonnel. Such compensation shall be commensurate with services\nperformed.\n (13) To adopt, amend or repeal by-laws, including emergency by-laws\nmade pursuant to subdivision seventeen of section twelve of the state\ndefense emergency act, relating to the activities of the corporation,\nthe conduct of its affairs, its rights or powers or the rights or powers\nof its members, directors or officers.\n (14) To make donations, irrespective of corporate benefit, for the\npublic welfare or for community fund, hospital, charitable, educational,\nscientific, civic or similar purposes, and in time of war or other\nnational emergency in aid thereof.\n (15) To be a member, associate or manager of other non-profit\nactivities or to the extent permitted in any other jurisdiction to be an\nincorporator of other corporations, and to be a partner in a\nredevelopment company formed under the private housing finance law.\n (16) To have and exercise all powers necessary to effect any or all of\nthe purposes for which the corporation is formed.\n (b) If any general or special law heretofore passed, or any\ncertificate of incorporation, shall limit the amount of property a\ncorporation may take or hold, or the yearly income from the corporate\nassets or any part thereof, such corporation may take and hold property\nof the value of fifty million dollars or less, or the yearly income\nderived from which shall be six million dollars or less, or may receive\nyearly inc
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