
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 15USC504]

 
                      TITLE 15--COMMERCE AND TRADE
 
                     CHAPTER 13--TEXTILE FOUNDATION
 
Sec. 504. Powers of Foundation

    The corporation--
    (a) Shall have perpetual succession;
    (b) May sue and be sued;
    (c) May adopt a corporate seal and alter it at pleasure;
    (d) May adopt and alter bylaws;
    (e) May appoint officers and agents;
    (f) May acquire by purchase, devise, bequest, gift, or otherwise, 
and hold, encumber, convey, or otherwise dispose of, such real and 
personal property as may be necessary or appropriate for its corporate 
purposes;
    (g) May invest and reinvest the principal and interest of its funds; 
and
    (h) Generally, may do any and all lawful acts necessary or 
appropriate to carry out the purposes for which the corporation is 
created.

(June 10, 1930, ch. 440, Sec. 4, 46 Stat. 540.)
