Iowa Code § 262.38
Borrowing money and mortgaging property
Redline — January 1, 2012 → current.View current text →
Current — January 1, 2022
As of January 1, 2012
In carrying out the above powers, said board may:
In carrying out the powers enumerated in this subchapter, the board may:
1. Borrow money.
1. Borrow money.
2. Mortgage any real estate so acquired and the improvements erected thereon in order to secure necessary loans.
2. Mortgage any real estate so acquired and the improvements erected thereon in order to secure necessary loans.
3. Pledge the rents, profits, and income received from any such property for the discharge of mortgages so executed.
3. Pledge the rents, profits, and income received from any such property for the discharge of mortgages so executed.
Referred to in
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.