36 U.S.C. § 70505 — Powers

adopt and amend bylaws for the management of its property and the regulation of its affairs;

adopt and alter a corporate seal;

choose officers, managers, and agents as the activities of the corporation require;

make contracts;

acquire, own, lease, encumber, and transfer property as necessary to carry out the purposes of the corporation;

borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;

sue and be sued; and

do any other act necessary and proper to carry out the purposes of the corporation.