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36 U.S.C. § 150706Powers

submitted 28 years ago by Pub. L. 105-225 to r/title-36-PATRIOTIC-AND-NATIONAL-OBSERVANCES-CEREMONIES-AND-ORGANIZATIONS · 158 words · no verdicts yet

in plain englishAI-generated · not legal advice

The corporation can adopt bylaws, a seal, and emblems, hire staff, and make contracts. It can own and borrow against property, give citizenship awards, publish materials, and sue or be sued.

The corporation may: (1) adopt and amend bylaws and regulations to manage its property and run its affairs, including setting up local and state citizenship conferences; (2) adopt and change a corporate seal; (3) adopt emblems and badges; (4) choose officers, managers, employees, and agents as needed; (5) make contracts; (6) acquire, own, lease, put a lien on, and transfer property needed for its purposes; (7) borrow money, issue debt instruments, and secure its debts with property as collateral; (8) use its own funds to give prizes or awards to citizens for outstanding contributions toward its purposes; (9) publish a magazine and other publications that fit its purposes; (10) sue and be sued; and (11) do any other act necessary and proper to carry out its purposes.
the actual law source: uscode.house.gov ↗public domain

The corporation may—

(1)

adopt and amend bylaws and regulations for the management of its property and the regulation of its affairs, including the establishment and maintenance of local and State conferences on citizenship;

(2)

adopt and alter a corporate seal;

(3)

adopt emblems and badges;

(4)

choose officers, managers, employees, and agents as the activities of the corporation require;

(5)

make contracts;

(6)

acquire, own, lease, encumber, and transfer property as necessary to carry out the purposes of the corporation;

(7)

borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;

(8)

use corporate funds to give prizes or awards to citizens for outstanding contributions toward the achievement of the purposes of the corporation;

(9)

publish a magazine and other publications consistent with the purposes of the corporation;

(10)

sue and be sued; and

(11)

do any other act necessary and proper to carry out the purposes of the corporation.

Source credit: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1393.)

history & why it existsrecord from the source credit
  • 1998Enacted · Pub. L. 105-225 · 112 Stat. 1393

A history note hasn’t been published yet. The record shows enactment by Pub. L. 105-225 on 1998-08-12.

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