Section 7Sec./Art. 7

Corporate Powers.- The Corporation shall have all corporate powers defined under the Corporation Code, such as, but not limited to the following:

a. to sue and be sued in its official name;

b. to enter into and perform contracts, execute instruments, and determine the character of, and necessity for, its expenditures;

c. to determine and keep its own system of accounts following generally accepted principles of accounting, as well as the forms and contents of its contracts and other business documents;

d. to acquire, in any lawful manner, such personal or real property; or any interest therein, as it deems necessary or convenient in the transaction of its business; to hold, maintain, sell, lease, or otherwise dispose of such property or any interest therein; and to provide services in connection therewith and charges therefor;

e. to construct, operate, lease, and maintain buildings, facilities, equipment, and other improvements on any property owned, controlled or leased by it;

f. to accept gifts, donations, bequests, services, or properties, real or personal, as it deems necessary or convenient in the transaction of its business;

g. to settle, under such terms and conditions on amounts most advantageous to it, any claim by or against it;

h. to adopt and use a corporate seal;

i. to exercise all other corporate powers incidental, necessary, or appropriate to its postal business.