The FFA may—
((1)) adopt and amend bylaws and regulations for the management of its property and the regulation of its affairs, including the establishment and maintenance of local chapters and State associations of chapters;
((2)) adopt and alter a seal;
((3)) adopt emblems and badges;
((4)) choose officers, managers, agents, and employees as the activities of the FFA require;
((5)) make contracts;
((6)) acquire, own, lease, encumber, and transfer property as necessary or convenient to carry out the purposes of the FFA;
((7)) borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;
((8)) use FFA funds to give prizes, awards, loans, and grants to deserving members, local FFA chapters, and State FFA associations to carry out the purposes of the FFA;
((9)) produce publications, websites, and other media;
((10)) make available to State associations, local chapters, and members all official FFA supplies and equipment;
((11)) sue and be sued; and
((12)) do any other act necessary and proper to carry out the purposes of the FFA.