GENERAL POWERS OF A CORPORATION (My list of ranking)
1. In case of stock corporations, to issue or sell stocks to subscribers and to sell
treasury stocks in accordance with the provisions of this Code; and to admit
members to the corporation if it be a nonstick corporation;
2. To adopt bylaws, not contrary to law, morals or public policy, and to amend or
repeal the same in accordance with this Code;
3. To amend its articles of incorporation in accordance with the provisions of this
Code;
4. To purchase, receive, take or grant, hold, convey, sell, lease,pledge, mortgage,
and otherwise deal with such real and personal property, including securities and
bonds of other corporations, as the transaction of the lawful business of the
corporation may reasonably and necessarily require, subject to the limitations
prescribed by law and the constitution;
5. To enter into a partnership, joint venture, merger, consolidation, or any other
commercial agreement with natural and juridical persons;
6. To exercise such other powers as may be essential or necessary to carry out its
purpose or purposes as stated in the articles of incorporation.
7. To sue and be sued in its corporate name;
8. To have perpetual existence unless the certificate of incorporation provides
otherwise;