Section 2
SEC. 2. The said corporation shall be subject to the provisions of the Corporation Law in so far as they are not inconsistent with the provisions of this Act, and shall have the general powers mentioned in said Law and such other powers as may be necessary to enable it to promote and maintain a sufficient general production by an efficient coordination of the productive forces of the country, or otherwise, and to secure a stable market for the Philippine products. Without restricting in any manner any of the aims and purposes of the corporation as set forth in this section and in the section next following, it is hereby expressly declared and provided that the National Development Company may engage in commercial, industrial, and other enterprises which may be necessary or contributory to the economic development of the country or important in the public interest; to acquire, hold, mortgage, and alienate personal and real property in the Philippine Islands or elsewhere; to issue bonds and other obligations in payment for property purchased or acquired by it, or for any other object in or about its business; to mortgage or pledge any shares, stocks, bonds or other obligations, or any property which may be acquired by it, to secure any bonds or other obligations by it issued or incurred; to make contracts of any kind and description; to purchase, hold, alienate, mortgage, pledge, or otherwise dispose of the shares of the capital stock of, or any bonds, securities, or other evidences of indebtedness created by any other corporation or corporations, copartnership or copartnerships, of this or any other country, and while owner of said stock, to exercise all the rights of ownership, including the right to vote thereon; and in carrying on its business, or for the purpose of attaining or furthering any of its objects, as authorized in this Act, to perform any and all acts which a copartnership or natural person is authorized to perform under the laws now existing or which may be enacted hereafter.