The consent of the Governor being first had and obtained, every institution shall have power and is hereby authorized and empowered to acquire by purchase, gift, or otherwise, any project or to erect the same or to refinance the cost of acquisition or erection of any project, and in connection therewith to borrow money, and make, issue, and sell its bonds as hereinafter provided, and to enter into and perform all lawful contracts and agreements and do all lawful acts and things necessary or proper, and further to make such lawful contracts and agreements and do and perform all such lawful acts and things as may be necessary, proper or advisable for the purpose of obtaining and/or securing grants, loans and/or financial assistance of any kind or sort in connection therewith under any act of Congress or of this Commonwealth.

History

1933, p. 85; 1946, p. 184; 1966, c. 572.