Borrowing powers

The Committee shall have power, (a) to borrow and take up at interest any sum or sums of money for any purpose of the Association and for that purpose to mortgage by deed or otherwise or pledge under its corporate seal such of its real or personal property as may be necessary for securing the repayment of such money with the interest thereon; and 11 (b) to deal in any and every way with property of the Association both real and personal as will give effect to or further its objects.