Section 2
SEC. 2. The powers, functions and rights of the said corporation shall be the following: (a) To have continous succession under its corporate name until otherwise provided by law; (b) To prescribe its by laws; (c) To sue and be sued; (d) To buy agricultural machinery, tools and equipment and to sell the same to farmers; (e) To acquire, hold, sell, transfer or otherwise dispose of real property, warehouses and other facilities for the storage of machinery, tools and equipment; (f) When essential to the proper administration of its corporate affairs or necessary for the proper transaction of its business or to carry out the purposes for which it was organized, to contract indebtness; and (g) To exercise such powers and do such things as may be reasonably necessary to carry out the business and purposes for which it was organized.