213. It shall be the duty of the school boards in each municipality:(1) To administer the moveable and immoveable property belonging to their school corporation;
(2) To acquire and hold for the corporation all moveable or immoveable property, moneys or income, and to apply the same for the purposes for which they are intended;
(3) To select and acquire the land necessary for school sites; to build, repair and keep in order all school-houses and their dependencies; to purchase or repair school furniture; to lease or accept the gratuitous use of houses or other buildings, fulfilling the conditions required by the regulations in force for the purpose of keeping school therein;
(4) To associate with themselves, permanently or temporarily, managers to aid them in matters connected with the administration of school-houses, the erection and repair, heating and cleaning thereof, and the keeping in good order of the property, moveable and immoveable, belonging to their corporation; (Form 11.)
(5) To have the buildings and furniture belonging to their school corporation insured for the greater of the two following amounts:(a) the amount of the bonded debt;
(b) the amount representing one-half of the value of such buildings and furniture.
But if it necessitates a loan, no acquisition, leasing, construction or repair mentioned in paragraph 2 or 3 of this section may be carried out unless the school corporation has previously obtained the authorization of the Minister and has complied with the formalities of the law with respect to loans, and has negotiated the loan which it was authorized to make for such purposes.