Section 4
SEC. 4. The National Housing Commission shall have the power to take, acquire, purchase, receive and hold personal and real property by lease, purchase, expropriation, or otherwise, and to sell, mortgage, let, demise, convey, exchange, lend, and otherwise dispose of real and personal property for cash, by installment contract, or otherwise, to solicit, receive and disburse loans and grants of money and property from the Government or from private individuals, to apply any profit or capital recoveries which might accrue from its operations for the purposes for which the Commission is created, to select after investigation the individuals and families which are to occupy or acquire lots and houses at the disposal of the Commission, to enter into or execute contracts as may be considered convenient and advantageous to the Commission, and for the purpose of carrying on its business and of attaining or furthering any of its objects, to perform any and all acts which a co-partnership or natural person is authorized to perform under the Jaws existing or which may be hereafter enacted, and to adopt or promulgate such rules and regulations as may be necessary to carry out the purposes of this Act.