36 U.S.C. § 151105
§ 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.
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