36 U.S.C. § 151105

1. (1)adopt and amend bylaws;
2. (2)adopt and alter a corporate seal;
3. (3)acquire, own, lease, encumber, and transfer property to carry out the purposes of the corporation;
4. (4)accept and administer a trust for educational purposes;
5. (5)borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property; and
6. (6)sue and be sued in any court of the United States, or other court of competent jurisdiction.