In addition to the powers granted elsewhere in this chapter, a China Trade Act corporation—

((a)) Shall have the right of succession during the existence of the corporation;

((b)) Shall have a corporate seal and may, with the approval of the Secretary, alter it;

((c)) May sue and be sued;

((d)) Shall have the right to transact the business authorized by its articles of incorporation and such further business as is properly connected therewith or necessary and incidental thereto;

((e)) May make contracts and incur liabilities;

((f)) May acquire and hold real or personal property, necessary to effect the purpose for which it is formed, and dispose of such property when no longer needed for such purposes;

((g)) May borrow money and issue its notes, coupon or registered bonds, or other evidences of debt, and secure their payment by a mortgage of its property; and

((h)) May establish such branch offices at such places in China as it deems advisable.