Corporate Powers.
Section 5
SEC. 5. Corporate Powers. —The Corporation shall have the following powers and functions: To enter into forward exchange transactions or any other transaction with any domestic non-99 financial entity, enterprise or corporation duly registered and/or licensed under the laws of the Republic of the Philippines which will enable said entity, enterprise or corporation to hedge foreign exchange risk associated with any of its foreign currency-denominated restructured debt; To extend peso-denominated loans to any such domestic non-financial entity, enterprise or corporation the proceeds of which shall be utilized solely for the purpose of settling its restructured foreign currency-denominated debt; To obtain or arrange for borrowings from domestic or foreign sources as may be necessary and whenever warranted; To buy, sell and deal in foreign exchange; To make contracts; To lease or own real and personal property and to sell, mortgage or otherwise dispose of the same; To sue and be sued; To adopt, alter, and use a corporate seal; To invest funds not needed in its operations; and To exercise the general power of a corporation mentioned in the Corporation Code of the Philippines insofar as they are not inconsistent with the provisions of this Decree and otherwise to do and perform any and all things necessary or proper to accomplish the objectives of this Decree, or essential to the proper conduct of the operations of the Corporation, or as may be directed by the President of the Philippines.