CONGRESSIONAL BILL NO. 18-145, C.D.1 P.C. NO. 18-254 1 PUBLIC LAW NO. 18-52 commercially reasonable by the Corporation; and 2 (9) to provide on a reimbursable basis emergency 3 telecommunications services to governments, individuals, 4 and entities in the Federated States of Micronesia. 5 Section 2. Section 205 of Title 21 of the Code of the 6 Federated States of Micronesia, as amended, is hereby amended as 7 follows: 8 “Section 205. 9 In performing the functions authorized under this Legal capacity of the Corporation. 10 chapter or other law of the Federated States of 11 Micronesia, the Corporation shall have the capacity to 12 exercise all powers normally exercised by a corporation, 13 including, but not limited to, the following: 14 (1) to adopt, alter, and use a corporate seal; 15 (2) to adopt and amend bylaws governing the conduct of 16 its business and the exercise of its powers; 17 (3) to sue and be sued in its corporate name; 18 (4) to acquire, in any lawful manner, real, personal, 19 or mixed property, either tangible or intangible; to 20 hold, maintain, use, and operate such property; and to 21 sell, lease, or otherwise dispose of such property; 22 (5) to borrow or raise any sum or sums of money and to 23 issue corporate bonds on such security and upon such 24 terms as may from time to time be deemed necessary for 25 the expansion and improvement of communications 3 of 119