15 U.S. Code § 146 - General powers of corporation
In addition to the powers granted elsewhere in this chapter, a China Trade Act corporation—
(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;
(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
Source(Sept. 19, 1922, ch. 346, § 6,42 Stat. 851; Feb. 26, 1925, ch. 345, § 6,43 Stat. 996.)
1925—Par. (b). Act Feb. 26, 1925, substituted “Shall” for “May”.
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