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A corporation, subject to any limitation provided in this chapter or in its articles of incorporation, shall have the power to do any of the following:

A. Have a perpetual duration.

B. Have a corporate seal.

C. Adopt, amend, or repeal by-laws relating to the business of the corporation, including, if necessary, shareholder meetings, share certificates, and appointment of board members.

D. Elect or appoint officers, employees, and other agents of the corporation; prescribe their duties; fix their compensation and the compensation, if any, of directors; and indemnify corporate directors, officers, employees, or agents.

E. Purchase; receive; take by grant, gift, devise, or bequest; lease; acquire, own, hold, or use; and otherwise deal in and with, real or personal property, or an interest in real or personal property, wherever situated.

F. Sell, convey, exchange, transfer, mortgage or pledge, create a security interest in, or otherwise dispose of an interest in the corporation’s property.

G. Make contracts, borrow money, and secure any of its obligations by mortgage or pledge of any of its property or an interest in property, wherever situated.

H. Make or receive donations for any charitable purpose.

I. Purchase, receive, take, or otherwise acquire, hold, sell, lend, exchange, transfer, or otherwise dispose of, pledge, use and otherwise deal with its own shares, bonds, and securities.

J. Sue and consent to be sued, but consent to suit by the corporation shall not extend to the Tribe, nor shall consent to be sued be deemed a waiver of any of the rights, privileges and immunities of the Tribe.

K. Amend the articles of incorporation.

L. Exercise any lawful power necessary to implement the corporate purposes.

M. Cease its corporate activities and dissolve. [Ord. 18-23 Art. II § 9.06.30, approved 6/12/23.]