Powers.
Section 6
SEC. 6. Powers.—Every association organized hereunder shall have the following powers, and such general powers of ordinary business corporations organized under the Corporation Law, Act Numbered One thousand four hundred fifty-nine as amended, as are not inconsistent with any of the provisions of this Act: (a) To engage in any activity in connection with the marketing, selling, preserving, harvesting, drying, processing, manufacturing, canning, packing, grinding, baling, storing, handling, or utilization of any agricultural products produced or delivered to it by its members, or in the manufacturing or marketing of the by-products thereof or in any activity in connection with the purchase, hiring, or use by its members of supplies, machinery or equipment, or in the financing of any such activities or in any one or more of the activities specified in this section. No association, organized under this Act, shall handle the agricultural products of any non-member except for storage. (b) To borrow money and give loans and advances to members. (c) To act as the agent or representative of any member or members in any of the above mentioned activities. (d) To own stock of, or be a member of, any other associations organized under this Act, or of any corporations or associations organized under any previously existing law of the Philippine Islands, and engaged in any related activity, or in the warehousing or handling or marketing of any of the agricultural products handled by the association. (e) To establish reserves and to invest the funds thereof in stock or bonds or in such other property as may be provided in the by-laws. (f) To do each and every thing necessary, suitable or proper for the accomplishment of any one of the purposes or the attainment of any one or more of the subjects herein enumerated or conducive to or expedient for the interest or benefit of the association; and to contract accordingly; and in addition to exercise and possess all powers, rights, and privileges necessary or incidental to the purposes for which the association is organized or to the activities in which it is engaged.