(b)To carry out its purposes, the corporation has the usual powers of a corporation acting as a trustee in the jurisdiction in which the principal office of the corporation is located, including the power—
(1)to accept, receive, solicit, hold, administer, and use any gift, devise, or bequest, either absolutely or in trust, of property or any income from or other interest in property;
(2)to acquire property or an interest in property by purchase or exchange;
(3)unless otherwise required by an instrument of transfer, to sell, donate, lease, invest, or otherwise dispose of any property or income from property;
(4)to borrow money and issue instruments of indebtedness;
(5)to make contracts and other arrangements with public agencies and private organizations and persons and to make payments necessary to carry out its functions;
(6)to sue and be sued; and
(7)to do any other act necessary and proper to carry out the purposes of the corporation.
United States Government work; public domain under 17 U.S.C. § 105.