; and (ii) all other matters which the Board of Directors determines to be relevant. (2) Administrator The management of the Corporation shall be vested in an Administrator who shall be appointed by the Board of Directors with the approval of the Secretary of Transportation. 6. Functions of the Arctic Seaway Development Corporation The functions of the Corporation are to provide services related to safety and environmental protection and response approved by the Secretary under section 5, including— (1) constructing deep water port facilities in the Arctic to provide services necessary to manage and facilitate increased marine traffic, including cargo, tugs, commercial fuel bunkering, and icebreaker vessels in the Arctic; (2) maintaining a relationship with east and west coast ports serving Arctic trade; (3) collaborating with the State of Alaska and the United States Coast Guard in the provision of icebreaker services, including the provision of facilities, necessary for safe navigation of the Arctic; (4) leasing private icebreakers and cooperating in offering services with icebreakers of other nations; (5) where necessary, constructing places of refuge and aids to navigation within the Arctic; (6) making charts showing the locations of places of refuge readily available to all vessels operating in the Arctic; and (7) establishing strong ties among United States residents of the Arctic region, Arctic shippers, and the maritime insurance industry by creating a system of maritime transportation in the Arctic that prevents loss of life, vessels, and cargo, and increases reliability of shipping in the Arctic. 7. General powers of the Corporation For the purpose of carrying out its functions under this Act, the Corporation— (1) shall have succession in its corporate name; (2) may adopt and use a corporate seal, which shall be judicially noticed; (3) may sue and be sued in its corporate name