The corporation may—

((1)) adopt and amend a constitution and bylaws for the management of its property and the regulation of its affairs;

((2)) adopt and alter a corporate seal;

((3)) choose officers, managers, agents, and employees as the activities of the corporation require;

((4)) make contracts;

((5)) acquire, own, lease, encumber, and transfer property as necessary to carry out the purposes of the corporation;

((6)) borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;

((7)) use corporate funds to give prizes, awards, loans, scholarships, and grants to deserving students to carry out the purpose of the corporation;

((8)) publish a magazine and other publications;

((9)) sue and be sued; and

((10)) do any other act necessary and proper to carry out the purpose of the corporation.