Section 3
SEC. 3. The Corporation shall be subject to the provisions of the Corporation Law insofar as they are not inconsistent with the provisions of this Decree, or with the purposes for which this Corporation is formed, and shall have the general powers mentioned in said law, and such other powers as may he necessary to enable it to accomplish its purposes. In particular, the Corporation shall, among others, be vested with the following powers: To engage in commercial, industrial, mining, agricultural and other enterprises, to invest, reinvest and trade in securities that may be necessary for the accomplishment of the purposes prescribed in Section 2, hereof. In pursuance of its corporate purposes, to hold public agricultural lands and mineral lands in excess of the areas permitted to private corporations, associations, and persons by the laws of the Philippines, for a period not exceeding twenty-five years, renewable by the President of the Philippines for another twenty-five years; to acquire, hold, mortgage, and alienate personal and real property in the Philippines or elsewhere, to make such contracts and enter into such arrangements of any kind and description as it may consider convenient and advantageous to its interest; to purchase, hold, alienate, mortgage, pledge or otherwise dispose of the shares of the capital stock of, or any bond, security, or other corporation or association of this or any other country; and while the owners of said stock, to exercise all the rights of ownership, including the right to vote thereon; and to execute any and all acts which a partnership or a natural person is authorized to perform under the laws now existing owhich may hereafter be enacted.