§ 151105. Powers

adopt and amend bylaws;

adopt and alter a corporate seal;

acquire, own, lease, encumber, and transfer property to carry out the purposes of the corporation;

accept and administer a trust for educational purposes;

borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property; and

sue and be sued in any court of the United States, or other court of competent jurisdiction.