Section 3
SEC. 3. For carrying out the purposes mentioned in the preceding section, the National Abaca and Other Fiber Corporation shall have authority: To buy, sell, export, barter, and in any other manner deal in, abaca and other fibers. To buy, sell, assign, own, operate, rent or lease, subject to existing law, merchant vessels, rails, railroad lines, and any other means of transportation, stripping machines, presses, warehouses, buildings, and any other equipment and material for stripping, warehousing and, in general for everything connected with the proper handling of abaca and other fibers. To act as agent, broker, commission merchant or representative of the producers, merchants, pressmen or other dealers in abaca and other fibers and the products derived therefrom. To grant loans to planters when it deems it advisable, on reasonable terms, on account of abaca and other fiber crops. To borrow, issue bonds or otherwise raise funds for carrying out the objects of this corporation, whenever the needs of this industry require it. To enter into, make and execute contracts of any kind as may be necessary or incidental to the attainment of its purposes, with any person, firm or public or private corporation, with the Governments of the Philippines or the United States or of any State, territory or possession thereof, or with any foreign government. To have an office or offices outside of the Philippines and transact business and exercise its powers in any part of the Philippines or any foreign country, state or territory. In general, to do everything directly or indirectly necessary or incidental to, or in furtherance of the purposes of the corporation. In the transaction of its business, to perform all acts which a copartnership or natural person is authorized to perform under the laws now existing or which may be enacted hereafter.