10 - Mortgaging property.

§ 10. Mortgaging  property.  If the funds of the corporation shall not  be sufficient to pay for any real property purchased  by  the  board  of  trustees  in  pursuance  of  law,  or  for  the  construction, repair or  rebuilding of a suitable building or buildings,  and  the  finishing  or  furnishing  of  apartments therefor, the corporation may issue its bonds  bearing interest, semi-annually, for  such  additional  sum  as  may  be  required  therefor,  and may execute to any such trustee or trustees, as  the board may select, a mortgage upon its real property as security  for  the  payment of such bonds or the corporation may borrow such additional  sum as may be required therefor of any person or corporation and execute  and deliver its bond for the moneys so borrowed and secure  the  payment  thereof  by  mortgage  upon its real property as collateral thereto. The  proceeds of such bonds or such bond and mortgage shall be applied to the  payment of debts of the corporation incurred by  the  purchase  of  such  real property, or the construction and repair of a building or buildings  thereupon  or  the finishing or furnishing of apartments therein. Any of  the bodies specified in section seven may invest its funds in the  bonds  authorized  by  this  section  to be issued. Such corporation shall have  authority also to borrow of any person or corporation such sum as in the  judgment of its board of trustees may be required to pay the cost of the  construction, repair, rebuilding or reconstruction of any such  building  or buildings, and the finishing or furnishing of apartments therein, and  to  secure  the  payment  of  any moneys so borrowed, and to execute and  deliver its bond for the sum so borrowed, and to secure the  payment  of  the same by mortgage upon its real property as collateral thereto.