In addition to the powers granted elsewhere in this chapter, a

China Trade Act corporation -

(a)

Shall have the right of succession during the existence of the corporation;

(b)

Shall have a corporate seal and may, with the approval of the Secretary, alter it;

(c)

May sue and be sued;

(d)

Shall have the right to transact the business authorized by its articles of incorporation and such further business as is properly connected therewith or necessary and incidental thereto;

(e)

May make contracts and incur liabilities;

(f)

May acquire and hold real or personal property, necessary to effect the purpose for which it is formed, and dispose of such property when no longer needed for such purposes;

(g)

May borrow money and issue its notes, coupon or registered bonds, or other evidences of debt, and secure their payment by a mortgage of its property; and

(h)

May establish such branch offices at such places in China as it deems advisable