N.D. Cent. Code § 10-30.6-04

10-30.6-04. Powers of investment corporations

In furtherance of the purposes for which the corporation is organized, and in addition to the

powers conferred by the general laws relating to business corporations, a corporation may:

1. Borrow money and otherwise incur indebtedness for any of the purposes of the

corporation and issue its bonds, debentures, notes, or other evidences of

indebtedness, whether secured or unsecured, therefor and secure the same by

mortgage, pledge, deed of trust, or other lien on its property, franchises, rights, and

privileges of every kind and nature or any part thereof.

2. Lend money to, and guarantee, endorse, or act as surety on the bonds, notes,

contracts, or other obligations of, or otherwise assist financially, any person, and

establish and regulate the terms with respect to any loans or financial assistance and

the charges for interest and service connected with the loans or assistance.

3. Purchase, receive, hold, lease, or otherwise acquire, and sell, convey, mortgage,

lease, pledge, or otherwise dispose of, upon the terms and conditions as the board of

directors determines advisable, property, together with the rights and privileges

incidental thereto and the use thereof, including any property acquired by the

corporation from time to time in the satisfaction of debts or enforcement of obligations.

4. Acquire, by purchase or otherwise, the goodwill, business, rights, property, and other

assets, or any part thereof, that may be in furtherance of the corporate purposes

provided herein, and assume, undertake, guarantee, or pay the obligations, debts, and

liabilities of any person; acquire improved or unimproved real estate for the purpose of

constructing industrial plants or other business establishments or for the purpose of

disposing of the real estate to others for the construction of industrial plants or other

business establishments; and, in furtherance of the corporate purposes, acquire,

construct, reconstruct, maintain, operate, sell, lease, or otherwise dispose of industrial

plants or business establishments.

5. Acquire, subscribe for, own, hold, sell, or otherwise dispose of the stock, shares,

membership interests, bonds, debentures, notes, or other securities and evidences of

interest in, or indebtedness of, any person and, while the owner or holder thereof, to

exercise all the rights, powers, and privileges of ownership, including the right to vote.

6. Cooperate with and avail itself of the facilities of the department of commerce and any

other similar governmental agencies; and cooperate with, assist, and otherwise

encourage local organizations in the various communities of the state, the purpose of

which are the promotion, assistance, and development of the business prosperity and

economic welfare of the communities and of this state.