06. Borrowing Powers  Policy Home

The directors of the corporation may, without authorization of the members,

a.    borrow money on the credit of the corporation;

b.    issue, reissue, sell, pledge or hypothecate debt obligations of the corporation;

c.    give a guarantee on behalf and mortgage, hypothecate, pledge or otherwise create a security interest in all or any property of the corporation, owned or subsequently acquired, to secure any debt obligation of the corporation.