THE SUPERINTENDENT'S OFFICE, DOBIE FOUNDRY & MACHINE CO., NIAGARA FALLS, N. Y.
17. Powers of Corporations. As such, a corporation possesses certain necessary powers, and such other special powers as may be conferred by its charter.
To have a corporate name which can only be changed by law.
To sue and be sued.
To possess a corporate seal.
To appoint the necessary officers for the conduct of its business.
To enact by-laws necessary for the management of its business, for transferring of its stock, for calling of meetings, etc.
To acquire and dispose of such property as may be necessary for the conduct of the business for which it is organized.
To make contracts necessary for the carrying out of its purposes.