Section 202. General powers

(a)  Each  corporation,  subject  to  any limitations provided in this
  chapter or any other  statute  of  this  state  or  its  certificate  of
  incorporation,   shall  have  power  in  furtherance  of  its  corporate
  purposes:
    (1) To have perpetual duration.
    (2) To sue and be sued in all courts and to participate in actions and
  proceedings, whether judicial, administrative, arbitrative or otherwise,
  in like cases as natural persons.
    (3) To have a corporate seal, and to alter such seal at pleasure,  and
  to  use  it  by  causing it or a facsimile to be affixed or impressed or
  reproduced in any other manner.
    (4) To purchase, receive, take by  grant,  gift,  devise,  bequest  or
  otherwise,  lease, or otherwise acquire, own, hold, improve, employ, use
  and otherwise deal in and  with,  real  or  personal  property,  or  any
  interest therein, wherever situated.
    (5)  To  sell,  convey, lease, exchange, transfer or otherwise dispose
  of, or mortgage or pledge, or create a security interest in, all or  any
  of its property, or any interest therein, wherever situated.
    (6)  To  purchase, take, receive, subscribe for, or otherwise acquire,
  own, hold, vote, employ,  sell,  lend,  lease,  exchange,  transfer,  or
  otherwise  dispose  of,  mortgage, pledge, use and otherwise deal in and
  with, bonds and  other  obligations,  shares,  or  other  securities  or
  interests  issued  by  others,  whether  engaged in similar or different
  business, governmental, or other activities.
    (7) To make contracts, give guarantees and incur  liabilities,  borrow
  money  at such rates of interest as the corporation may determine, issue
  its  notes,  bonds  and  other  obligations,  and  secure  any  of   its
  obligations  by  mortgage or pledge of all or any of its property or any
  interest therein, wherever situated.
    (8) To lend money, invest and reinvest its funds, and  take  and  hold
  real  and  personal  property  as  security  for the payment of funds so
  loaned or invested.
    (9) To do business, carry on its  operations,  and  have  offices  and
  exercise  the  powers granted by this chapter in any jurisdiction within
  or without the United States.
    (10) To elect or appoint officers, employees and other agents  of  the
  corporation,  define  their  duties,  fix  their  compensation  and  the
  compensation of directors, and to indemnify corporate personnel.
    (11) To adopt, amend or repeal by-laws,  including  emergency  by-laws
  made  pursuant  to  subdivision seventeen of section twelve of the state
  defense emergency act, relating to the business of the corporation,  the
  conduct  of its affairs, its rights or powers or the rights or powers of
  its shareholders, directors or officers.
    (12) To make donations, irrespective of  corporate  benefit,  for  the
  public welfare or for community fund, hospital, charitable, educational,
  scientific,  civic  or  similar  purposes,  and  in time of war or other
  national emergency in aid thereof.
    (13) To pay pensions, establish and carry out pension, profit-sharing,
  share bonus, share purchase, share option,  savings,  thrift  and  other
  retirement,  incentive  and benefit plans, trusts and provisions for any
  or all of its directors, officers and employees.
    (14) To purchase, receive, take,  or  otherwise  acquire,  own,  hold,
  sell,  lend, exchange, transfer or otherwise dispose of, pledge, use and
  otherwise deal in and with its own shares.
    (15) To be a promoter, partner, member, associate or manager of  other
  business  enterprises  or  ventures,  or  to the extent permitted in any

  other jurisdiction to be an incorporator of other  corporations  of  any
  type or kind.
    (16) To have and exercise all powers necessary or convenient to effect
  any or all of the purposes for which the corporation is formed.
    (b) No corporation shall do business in New York state under any name,
  other  than  that appearing in its certificate of incorporation, without
  compliance with the filing provisions of section one hundred  thirty  of
  the  general  business  law  governing  the conduct of business under an
  assumed name.