(2) To erect and pay the expenses for monuments and memorials.(3) To receive and hold donations, gifts, devises and bequests, and funds produced by taxation and real and personal property.(4) To purchase, hold, lease, mortgage, hypothecate, and sell real estate and personal property.(5) To take real or personal property by will.(6) To take or hold real or personal property in trust and manage the property as set forth in the instrument creating the trust, in a manner that is not inconsistent with the uses provided in this chapter.(7) To invest the funds belonging to the corporation and loan and invest the money owned or held by the corporation.(8) To sue and be sued in all matters necessary to carry out the provisions of this chapter.[Pre-2003 Recodification Citation: 10-7-12-2.]As added by P.L.2-2003, SEC.9.
Indiana Legal Code