Section 4Sec./Art. 4

Corporate Powers. - As a juridical entity, the GSP shall have perpetual succession and shall enjoy the following corporate powers:

(a)To sue and be sued;

(b)To acquire, hold and convey such real and personal properties, rights and choses in action as shall be deemed necessary and desirable for its purposes as hereinafter set forth;

(c)To receive funds, real and personal properties by gift, devise and donation, contribution or other means;

(d)To adopt a seal and to alter and destroy the same at pleasure;

(e)To have offices and conduct its business and affairs in the Metropolitan Manila area and in the provinces, cities, municipalities and barangays in the Philippines; and

(f)Generally to exercise all the powers of a corporation and do all such acts and things as may be necessary to carry into effect the provisions of this Act and promote the purposes of said organization.