36 U.S.C. § 22705 — Powers
submitted 28 years ago by Pub. L. 105-225 to r/title-36-PATRIOTIC-AND-NATIONAL-OBSERVANCES-CEREMONIES-AND-ORGANIZATIONS · 164 words · no verdicts yet
The corporation has broad standard powers: adopting bylaws, choosing officers, making contracts, owning property, borrowing money, publishing materials, and suing or being sued. It also gets the same privileges Congress gave other chartered veterans' organizations before July 1947.
(a) General. The corporation may do the following things.
(1) Adopt bylaws and regulations to manage its property and run its affairs.
(2) Adopt seals, emblems, and badges.
(3) Choose officers, representatives, and agents needed to carry out its purposes.
(4) Make contracts.
(5) Set up State and regional organizations and local posts.
(6) Acquire, own, lease, mortgage, and transfer property needed for its purposes.
(7) Borrow money, issue debt instruments, and use its own property as security for what it owes.
(8) Publish a magazine, newspaper, and other publications that fit its purposes.
(9) Sue other people or organizations, and be sued by them.
(10) Do any other act necessary and proper to carry out the purposes of the corporation.
(b) Powers Granted to Other Organizations. The corporation also gets whatever provisions, privileges, and special rights Congress had already given, before July 24, 1947, to other national veterans' organizations because those organizations had been chartered by Congress.
The corporation may—
adopt bylaws and regulations for the management of its property and the regulation of its affairs;
adopt seals, emblems, and badges;
choose officers, representatives, and agents as necessary to carry out the purposes of the corporation;
make contracts;
establish State and regional organizations and local posts;
acquire, own, lease, encumber, and transfer property as necessary to carry out the purposes of the corporation;
borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;
publish a magazine, newspaper, and other publications consistent with the purposes of the corporation;
sue and be sued; and
do any other act necessary and proper to carry out the purposes of the corporation.
The provisions, privileges, and prerogatives granted before July 24, 1947, to other national veterans’ organizations because of their incorporation by Congress are granted to the corporation.
Source credit: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1307.)
- 1998Enacted · Pub. L. 105-225 · 112 Stat. 1307
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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