36 U.S.C. § 151105: Powers

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