The Corporation shall have all the powers granted to it by the Act and by the Ordinance, including, but not limited to, the following:
(a) To locate, construct and maintain one or more Industrial Development Facilities;
(b) To lease to a lessee all or any part of any Industrial Development Facility for such rentals and upon such terms and conditions, including lease renewals and options to purchase, as its Board considers advisable and not in conflict with the Act;
(c) To sell by installment contract or otherwise and convey all or any part of any Industrial Development Facility for such purchase price and upon such terms and conditions as its Board considers advisable, which are not in conflict with the Act;
(d) To make loans for the purpose of providing temporary or permanent financing or refinancing of all or part of the project cost of any Industrial Development Facility, including the refunding of any outstanding obligations, mortgages, or advances issued, made, or given by any person for the project costs; and to charge and collect interest on the loans for the loan payments upon such terms and conditions as its Board considers advisable which are not in conflict with the Act;
(e) To issue Revenue Bonds for the purpose of financing all or part of the Project Cost of any Industrial Development Facility and to secure the payment of the Revenue Bonds as provided in the Act;
(f) As security for the payment of the principal of and interest on any Revenue Bonds issued and any agreements made in connection therewith, to mortgage, pledge, or otherwise encumber any or all of its Industrial Development Facilities or any part or parts thereof, whether then owned or thereafter acquired, and to assign any lease or mortgage and repledge any security conveyed to the Corporation, to secure any loan made by the Corporation and to pledge the revenues and receipts therefrom;
(g) To sue and be sued, complain, and defend in its corporate name;
(h) To make contracts and to execute all instruments necessary or convenient for the carrying out of its business;
(i) To have a corporate seal and to use the same by causing it, or a facsimile thereof, to be impressed or affixed or in any other manner reproduced;
(j) Subject to the limitations of Section 50-2706, Idaho Code, to borrow money, accept grants from, or contract with any local, state, or federal governmental agency or with any financial public, or private corporation;
(k) To make and alter bylaws not inconsistent with its Charter for the administration and regulation of the affairs of the Corporation;
(l) To collect fees or charges from users or prospective users of Industrial Development Facilities to recover actual or anticipated administrative costs;
(m) To execute financing documents incidental to the powers enumerated in this subsection;
(n) To have any and all other powers granted to public corporations under the Act as from time to time amended;
(o) To invest any funds in its possession or under its control in such manner and in such obligations as provided in the bond indenture pursuant to which Revenue Bonds were issued, provided, however, such funds are not commingled with any other funds;
(p) To provide in proceedings authorizing any Revenue Bonds or in any financing documents securing said Revenue Bonds that if there is a default in the payment of the principal or of interest on the Revenue Bonds or in the performance of any agreement contained therein, that payment and performance may be enforced by mandamus or by the appointment of a receiver in equity with power to charge and collect rents, purchase price payments and loan repayments, and to apply the revenues of the Industrial Development Facility in accordance with the proceedings or provisions of the Financing Document. Any Financing Document may also provide that in the event of default or violation of any agreement contained therein, the Industrial Development Facility may be foreclosed and sold under proceedings in equity or in any other manner now or hereafter permitted by law and that the trustee or bondholder may become the purchaser at any foreclosure sale if it is the highest bidder.