Specific and general powers.
Section 3
SEC. 3. Specific and general powers.—In order to carry out the purposes mentioned in the preceding section, the PHILCOA shall have the following powers: To establish, keep, maintain and operate, or help establish, keep, maintain and operate, one central experiment station and such number of regional experiment stations in the coconut-producing areas of the Philippines as may be necessary to undertake extensive research in coconut culture, the control and eradication of coconut pests the improvement of copra, the manufacture of coconut products and by-products, and the greater utilization of the coconut for new purposes: Provided, That the PHILCOA may utilize for the purposes herein set forth existing governmental research agencies; To purchase or fabricate such machineries, materials, equipments and supplies as may be necessary to prosecute successfully such researches and experimental works; To explore and expand the domestic and foreign markets for coconut products and by-products, to assure mutual benefit to consumers and producers, and to promote and maintain an efficient production of copra, oil and coconut by-products, by an effective coordination of the component elements of the coconut industry of the country; To allocate, with the approval of the President of the Philippines, sums of money in favor of any research institution, governmental or private, to undertake researches on any phase of the coconut industry for specified purposes: Provided, That exclusive ownership rights to the results of such research shall accrue to the PHILCOA as provided for under section fourteen; To regulate the marketing and exportation of copra by establishing standards for domestic trade and export and, pursuant hereto, to conduct an inspection through its agents of all copra proposed for export to determine if they conform to the standards established; To help planters and processors organize themselves into associations and cooperatives with a view to giving them greater control in the marketing of their products, and to help them obtain more credit facilities; To enter, make and execute contracts of any kinds as may be necessary or incidental to the attainment of its purposes; and Generally, to exercise all the powers necessary to attain the purposes for which it is organized.