§ 151105. Powers

The corporation may—

• (1) adopt and amend bylaws;
• (2) adopt and alter a corporate seal;
• (3) acquire, own, lease, encumber, and transfer property to carry out the purposes of the corporation;
• (4) accept and administer a trust for educational purposes;
• (5) borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property; and
• (6) sue and be sued in any court of the United States, or other court of competent jurisdiction.