Section 7Sec./Art. 7

Powers. - For the attainment and furtherance of the above-cited purposes and objectives, the LUMC, as a body corporate acting through its Board of Trustees, shall have all the powers pertaining to a juridical person, and is therefore authorized, among others:

(a) To acquire, hold and own in any manner, property of whatever nature or description, and to dispose of such property under any mode of encumbrance or conveyance.

(b) To enter into, make, perform and carry out contracts of every kind and for any lawful purpose with any pcerson, firm, association or corporation, whether public or private, domestic or foreign;

(c) To mortgage, lease, sell, transfer, convey or otherwise dispose of its properties;

(d) To solicit and receive donations, endowments and funds in the form of contributions, whether in cash or in kind, from both the public and private sectors and from domestic or foreign sources;

(e) To open such accounts in banks and other financial institutions, and to disburse such funds or invest the same as the Board of Trustees may direct to accomplish or advance the purposes or interest of the LUMC;

(f) To invite foreign or local specialists and similar experts in various medical fields to train the personnel, trainees or residents of the LUMC;

(g) To send the personnel of the LUMC to research institutes, medical institutes or universities for advance training or observation and to attend international or regional conventions, conferences or seminars as the Board of Trustees may deemed necessary to accomplish the purposes and objectives of the LUMC;

(h) To enter into such agreements and arrangements with other medical or similar institutions, domestic or foreign, as may be deemed desirable by the Board of Trustees toward promoting the purposes and objectives of the LUMC;

(i) To adopt a set of by-laws, rules and regulations, policies, guidelines and procedures consistent with law and provisions hereof to govern the administration and operation of the LUMC; and

(j) To do all such other acts and things as are or may be necessary for or incidental to the accomplishment for the purposes and objectives of the LUMC.