((a)) ** .—** The corporation may—

((1)) adopt policies and regulations;

((2)) adopt, alter, and destroy a seal;

((3)) own and dispose of property to carry out the purposes of the corporation;

((4)) accept gifts, devises, and bequests of property to carry out the purposes of the corporation;

((5)) sue and be sued in courts of law and equity, State or Federal, within the jurisdiction of the United States; and

((6)) do any other act necessary to carry out this chapter and promote the purposes of the corporation.

((b)) ** .—** The corporation is designated as the organization authorized to act in matters of relief under the treaties of Geneva, , , and .