13Power to borrow money and give securities

13 Power to borrow money and give securities An incorporated association may, subject to its constitution and to this Act: (a) raise or borrow money on the terms and in the manner it considers appropriate; and (b) subject to section 110, secure the repayment of money raised or borrowed, or the payment of a debt or liability of the association, by giving mortgages, charges or securities on or over part or all of the real or personal property of the