15 U.S.C. § 146 — General powers of corporation

In addition to the powers granted elsewhere in this chapter, a China Trade Act corporation— (a) Shall have the right of succession during the existence of the corporation; (b) Shall have a corporate seal and may, with the approval of the Secretary, alter it; (c) May sue and be sued; (d) Shall have the right to transact the business authorized by its articles of incorporation and such further business as is properly connected therewith or necessary and incidental thereto; (e) May make contracts and incur liabilities; (f) May acquire and hold real or personal property, necessary to effect the purpose for which it is formed, and dispose of such property when no longer needed for such purposes; (g) May borrow money and issue its notes, coupon or registered bonds, or other evidences of debt, and secure their payment by a mortgage of its property; and (h) May establish such branch offices at such places in China as it deems advisable.