Section 3. Powers

Such  trustees or executive committee may take, hold and
  convey by and under the direction of such  lodge,  chapter,  commandery,
  consistory,  council,  temple,  grotto,  post, tribe, aerie, camp, tent,
  nest, encampment or canton, or Degree  of  Pocahontas  council  all  the
  temporalities  and property belonging thereto, whether real or personal,
  and whether given, granted or devised directly to it or to any person or
  persons for it, or in trust for its use and benefit, and may sue for and
  recover, hold and enjoy all the debts, demands, rights  and  privileges,
  and  all buildings and places of assemblage, with the appurtenances, and
  all other estate and property belonging to it in whatsoever  manner  the
  same  may  have  been  acquired, or in whose name soever the same may be
  held, as fully as if the right and title  thereto  had  been  originally
  vested  in them; and may purchase and hold for the purpose of the lodge,
  chapter, commandery, consistory, council, temple, grotto,  aerie,  post,
  tribe,  camp,  tent, nest, encampment or canton, or Degree of Pocahontas
  council, other real and personal property, and demise, lease and improve
  the same.  Such trustees or executive committee  may  also  issue  their
  bonds  or  other  evidences of indebtedness in such amounts and for such
  time and in such form as they shall determine either for the purpose  of
  raising money to pay for any real estate purchased and held by them, and
  for  the  improvement  of the same, as hereinbefore provided, or for any
  other past indebtedness, and may  mortgage  such  real  estate  for  the
  purpose  of  securing  the  bonds  or other evidences of indebtedness so
  issued by them.  Bonds and mortgages for other than moneys  to  pay  for
  such  real  estate  and  the improvement thereof as above, shall only be
  issued after an order of the supreme court permitting and allowing  same
  upon  petition  of  all  the  trustees of the property of such executive
  committee  of  the  lodge,  chapter,  commandery,  consistory,  council,
  temple, grotto, aerie, post, camp, tent, nest, encampment or canton. The
  petition  shall briefly state the purposes and reason for same and shall
  state that the petition is made by and under the direction duly  had  or
  given  at  a  regular or state communication, convocation, encampment or
  meeting thereof according to its constitution and  general  regulations.
  The  court may permit and allow the issuance of said bonds and mortgages
  by the trustees or executive committee if it deems the same  proper  and
  for   the  best  interests  of  the  said  lodge,  chapter,  commandery,
  consistory, council, temple, grotto,  aerie,  post,  camp,  tent,  nest,
  encampment  or canton.  The order shall provide that the moneys shall be
  applied and expended for the same purposes set forth  in  the  petition.
  The  proceeds  of such bonds or other evidences of indebtedness shall be
  applied exclusively to the purpose  for  which  the  same  was  borrowed
  either  to  pay  for such real estate and the improvement thereof or any
  other  past  indebtedness.    Every  such  lodge,  chapter,  commandery,
  consistory,  council,  temple,  grotto,  post, tribe, aerie, camp, tent,
  nest, encampment or canton, or Degree of Pocahontas  council,  may  make
  rules  and regulations, not inconsistent with the laws of this state, or
  with the constitution or general rules or laws of  the  grand  lodge  or
  other  governing  body  to  which  it  is  subordinate, for managing the
  temporal affairs thereof, and for the disposition of  its  property  and
  other  temporal  concerns and revenue belonging to it, and the secretary
  and treasurer thereof, duly  elected  and  installed  according  to  its
  constitution  and general regulations and law, shall, for the time being
  be ex-officio its secretary and treasurer.   No  board  of  trustees  or
  executive  committee  for  any  lodge,  chapter, commandery, consistory,
  council,  temple,  grotto,  aerie,  post,  tribe,  camp,   tent,   nest,
  encampment  or  canton  or  Degree  of  Pocahontas  council,  filing the
  certificate aforesaid, shall be deemed to be dissolved for  any  neglect
  or  omission  to  elect a trustee or member of such executive committee,

  annually, or fill any vacancy or vacancies that may occur  or  exist  at
  any  time in said board or committee, but it shall and may be lawful for
  said lodge, chapter, commandery, consistory,  council,  temple,  grotto,
  aerie, post, tribe, camp, tent, nest, encampment or canton, or Degree of
  Pocahontas  council,  to  fill  such vacancy or vacancies at any regular
  communication thereafter to be held, and till a vacancy arising from the
  expiration of the term  of  office  of  a  trustee  or  member  of  such
  executive  committee  is filled, as aforesaid, he shall continue to hold
  the said office and perform the duties thereof.