Powers and purposes. The purposes for which the corporation is formed are: 1. To operate as a professional medical corporation [or as the case may be], for the purpose of rendering professional medical services and shall not engage in any business other than rendering professional medical services; however, it may invest its funds in real estate, mortgages, stocks, bonds or any other type of investment and may own real or personal property necessary or appropriate for rendering its professional medical service. 2. Subject to any limitations or restrictions imposed by law or these articles of incorporation, such corporation shall have the following general rights, privileges and powers: (a) To sue and be sued in its corporate name; (b) To have a corporate seal and alter the same at will; (c) To acquire, own, hold, use, lease, mortgage, pledge, sell, convey or otherwise dispose of, property, real and personal, tangible and intangible; (d) To make contracts and guarantees and incur liabilities, borrow money at such rates of interest as the corporation may determine; issue its notes, bonds and other obligations and secure any of its obligations by mortgage or pledge of all or any of its property, franchises and income; (e) To conduct its operations in this state and elsewhere, and to acquire, own, hold and use, and to lease, mortgage, pledge, sell, convey or otherwise dispose of property, real and personal, tangible and intangible, out of this state; (f) To acquire, guarantee, hold, own, vote and to sell, assign, transfer, mortgage, pledge or otherwise dispose of the shares, bonds, securities or evidences of indebtedness of any other corporation, domestic or foreign; (g) To appoint such officers and agents as the business of the corporation may require and to define their duties and fix their compensation, provided that the appointment of such officers and agents does not conflict with the provisions of the Medical Professional Corporation Act [or cite applicable statute]; (h) To indemnify any director or officer, or former director or officer, of the corporation, or any person who may have served at its request as a director or officer of another corporation in which it owns shares, or of which it is a creditor, against expenses actually and reasonably incurred by him or her in connection with the defense of any action, suit or proceedings, civil or criminal, in which he or she is made a party by reason of having been or being such officer or director, except in relation to matters as to which he or she shall be adjudged in such action, suit or proceeding to be liable for negligence or misconduct in the performance of duty; (i) To pay pensions and establish pension plans, pension trusts, profit-sharing and retirement plans, stock bonus plans, stock option plans and other incentive plans for any or all of its directors, officers and employees; (j) To make bylaws for the government and regulation of its affairs;
(k) To cease doing business and to dissolve and surrender its corporate franchise; (l) To do all acts and things necessary, convenient or expedient or proper to carry out the purposes for which it is formed.