§ 146. General powers of corporation

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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.

(Sept. 19, 1922, ch. 346, § 6, 42 Stat. 851; Feb. 26, 1925, ch. 345, § 6, 43 Stat. 996.)

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U.S. Code

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§ 142

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Sept. 19, 1922, ch. 346, § 6
42 Stat. 851
Feb. 26, 1925, ch. 345, § 6
43 Stat. 996
57 Stat. 767

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§ 146

General powers of corporation

U.S.C.§ 142

ActSept. 19, 1922, ch. 346, § 6

Stat.42 Stat. 851

ActFeb. 26, 1925, ch. 345, § 6

Stat.43 Stat. 996

Stat.57 Stat. 767

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