§ 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.