POWERS.
Section 18
SEC. 18. POWERS.—An association is hereby vested with all powers necessary or convenient for the accomplishment of its corporate purposes. Such powers shall include, but not limited to, the power: to sue and be sued in its corporate name; to have an existence for a period of fifty years; to adopt a corporate seal and alter the same; to construct, acquire, own, hold, manage, control, operate, and maintain a canal irrigation system; to acquire water rights; to acquire, hold, own, maintain and control water from source; to do any and all things necessary in providing water for irrigation and domestic use; or to pursue activities in line with the purposes and objectives provided for under this Decree. to assist members of the association in improving their methods of production and the marketing and distribution of their products; to acquire, purchase, own, hold, develop, lease, mortgage, pledge, exchange, sell, transfer, or otherwise invest, trade or deal in any manner permitted by law, real or personal property as may be necessary for the accomplishment of its purposes; to borrow money and otherwise contract indebtedness and issue notes, bonds and other evidence of indebtedness and to secure payment thereof by mortgage pledge or deed of trust of, or any encumbrance upon, any or all of its then owned or after-acquired real or personal property and assets; Provided, that any borrowing from, or any encumbering of its properties as security in favor of any lending source other than the FSDC shall require the prior approval of the FSDC Administrator who shall certify that such is in furtherance of the purposes and its consistent with the provisions of this Decree, and that such borrowing and/or encumbering will not diminish the security of, or the ability of the association to repay any then outstanding indebtedness of the association to the FSDC or any other lending source below the level of such security and ability were such additional borrowing not being undertaken; to enter into contract for any lawful purpose; to adopt, amend and repeal its by-laws; to do and perform any other acts and things, and to have and exercise any other powers which may be necessary, convenient and appropriate to accomplish the purposes for which the association is organized.