(j) Acquire, own, hire, use, operate and dispose of personal property, real property and interest thereon, and to make improvements on such real property; (k) Purchase, hold, alienate, mortgage, pledge, or otherwise dispose of the shares of the capital stock, bond, security or other evidences of indebtedness; (l) Supply water or bunkers for ships; (m) Make expenditures for promotion of the business affairs of the Authority; (n) Do all such other things and to transact all such business directly or indirectly necessary, or conducive to the attainment of the purpose of the Authority; and (o) Generally, exercise all the powers of a corporation under the Corporation Law insofar as they are not inconsistent with the provisions of this Code. SEC. 4. Organizational Structure. - The Regional Ports Management Authority is composed of the Governing Board, the Office of the General Manager, the Port Services, the Ports Management Offices (PMOs) and the Terminal Management Office (TMOs). SEC. 5. Governing Board. - The corporate powers of the Authority shall be vested in the Governing Board which shall serve as its highest policy-making body, to be composed of the following: (1) Regional Governor, ARMM Chairperson (2) Regional Secretary, DOTC-ARMM Vice Chairperson (3) General Manager, RPMA-ARMM Member (4) Regional Treasurer, ORT Member (5) Regional Secretary, DTI-ARMM Member (6) Regional Secretary, DAF-ARMM Member (7) Regional Secretary, DPWH-ARMM Member (8) Chairperson, RBOI Member (9) Chairperson, Committee on Transportation/ Communications, RLA-ARMM Member (10) Representative from Shipping Association Member (11) Representative from Labor Association Member (12) Representative from Business Chambers Member 224