Sec. 3. A corporation incorporated under this chapter:
(1) has all the rights, powers, and privileges given to corporations by common law;
(2) may sue and be sued;
(3) may borrow and secure payment of money by:
(A) notes and mortgage; and
(B) bonds or deeds of trust upon the corporation's personal and real property; and
(4) may rent, lease, purchase, hold, sell, and convey real and personal property necessary and proper:
(A) to erect buildings; and
(B) for other purposes of a corporation organized under section 1(a) of this chapter.