(a) To engage in any one or more of the activities named in Sections 81-17-3 and 81-17-5.

(b) To contract and be contracted with, to sue and be sued.

(c) To borrow money from any lender and through any channels that the same may be obtained, and to secure the same in any lawful way that may be desirable.

(d) To issue its notes, obligations, indorsements and underwritings, to sell, discount, hypothecate, or pledge its bills receivable, mortgages, trust deeds, notes, and other securities.

(e) To lend money to its members, and take securities therefor in such form, way and manner, as it may deem advisable.

(f) By proper bylaws to make and keep such associations mutual.

(g) To make all necessary bylaws for the government of said associations.

(h) To issue common and preferred stock, and fix the relative status of each such class of stock to the other, both as to its stock status and as to its dividend status.

(i) To create and set up reserves, and make them cumulative.

(j) To require that each borrower invest a certain percentage, not exceeding ten percent, which may be made payable out of the face of his loan, in the stock of said association, and the same may be apportioned between common stock and preferred stock, as may be provided by the bylaws of the association.

(k) To make bylaws controlling the sale or transfer of stock in said association, or the retirement or withdrawal thereof.

(l) To lease or acquire sufficient personal and real property for the necessities of its business.

(m) To have and use a corporate seal.