N.J. Stat. § 16:15-11
Such first trustees and their successors shall, by such name of incorporation, be able and capable unlimitedly to:
Acquire, purchase, receive, erect, have, hold and use leases, legacies, devises, donations, moneys, goods and chattels of all kinds, church edifices, schoolhouses, college buildings, seminaries, parsonages, sisters' houses, hospitals, orphan asylums, reformatories and all other kinds of religious, ecclesiastical, educational and charitable institutions, and the lands whereon the same are, or may be erected, and cemeteries or burying places and any lands, tenements and hereditaments suitable for any or all of said purposes, in any place or places in any such diocese; and the same or any part thereof, to lease, sell, grant, assign, demise, alien and dispose of;
Sue and be sued;
Adopt and use a common seal, and alter the same;
Have perpetual succession;
Make by-laws and rules not inconsistent with the laws of this State, or of the United States, for the regulation and management of their affairs, properties and institutions;
Appoint such officers, agents and employees as they may require for the properties, institutions and business of the corporation;
Borrow money from time to time for the purposes of the corporation, and to give bonds and mortgages therefor on any part or parts of its properties;
Aid and assist such of the parishes in said diocese, or any of the institutions in such parishes, as said corporation may deem fit;
Aid and assist students pursuing their studies for the priesthood, and to aid and assist in the maintenance of the priesthood of such diocese, in accordance with the statutes of the diocese and the canons of the Roman Catholic Church;
Have the general management, direction and control of all the civil and temporal affairs of such diocese;
Exercise any corporate powers necessary and proper to the carrying out of the above-enumerated powers, and to the carrying out of the purposes of such corporation and its institutions.
N.J.S. § 16:15-11