
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 16USC468c]

 
                         TITLE 16--CONSERVATION
 
     CHAPTER 1A--HISTORIC SITES, BUILDINGS, OBJECTS, AND ANTIQUITIES
 
                    SUBCHAPTER I--GENERAL PROVISIONS
 
Sec. 468c. Powers and duties of National Trust

    To the extent necessary to enable it to carry out the functions 
vested in it by sections 468 to 468d of this title, the National Trust 
shall have the following general powers:
    (a) To have succession until dissolved by Act of Congress, in which 
event title to the properties of the National Trust, both real and 
personal, shall, insofar as consistent with existing contractual 
obligations and subject to all other legally enforceable claims or 
demands by or against the National Trust, pass to and become vested in 
the United States of America.
    (b) To sue and be sued in its corporate name.
    (c) To adopt, alter, and use a corporate seal which shall be 
judicially noticed.
    (d) To adopt a constitution and to make such bylaws, rules, and 
regulations, not inconsistent with the laws of the United States or of 
any State, as it deems necessary for the administration of its functions 
under sections 468 to 468d of this title, including among other matter, 
bylaws, rules, and regulations governing visitation to historic 
properties, administration of corporate funds, and the organization and 
procedure of the board of trustees.
    (e) To accept, hold, and administer gifts and bequests of money, 
securities, or other personal property of whatsoever character, 
absolutely or on trust, for the purposes for which the National Trust is 
created. Unless otherwise restricted by the terms of the gift or 
bequest, the National Trust is authorized to sell, exchange, or 
otherwise dispose of and to invest or reinvest in such investments as it 
may determine from time to time the moneys, securities, or other 
property given or bequeathed to it. The principal of such corporate 
funds, together with the income therefrom and all other revenues 
received by it from any source whatsoever, shall be placed in such 
depositories as the National Trust shall determine and shall be subject 
to expenditure by the National Trust for its corporate purposes.
    (f) To acquire by gift, devise, purchase, or otherwise, absolutely 
or on trust, and to hold and, unless otherwise restricted by the terms 
of the gift or devise, to encumber, convey, or otherwise dispose of, any 
real property, or any estate or interest therein (except property within 
the exterior boundaries of national parks and national monuments), as 
may be necessary and proper in carrying into effect the purposes of the 
National Trust.
    (g) To contract and make cooperative agreements with Federal, State, 
or municipal departments or agencies, corporations, associations, or 
individuals, under such terms and conditions as it deems advisable, 
respecting the protection, preservation, maintenance, or operation of 
any historic site, building, object, or property used in connection 
therewith for public use, regardless of whether the National Trust has 
acquired title to such properties, or any interest therein.
    (h) To enter into contracts generally and to execute all instruments 
necessary or appropriate to carry out its corporate purposes, which 
instruments shall include such concession contracts, leases, or permits 
for the use of lands, buildings, or other property deemed desirable 
either to accommodate the public or to facilitate administration.
    (i) To appoint and prescribe the duties of such officers, agents, 
and employees as may be necessary to carry out its functions, and to fix 
and pay such compensation to them for their services as the National 
Trust may determine.
    (j) And generally to do any and all lawful acts necessary or 
appropriate to carry out the purposes for which the National Trust is 
created.

(Oct. 26, 1949, ch. 755, Sec. 4, 63 Stat. 928.)

                  Section Referred to in Other Sections

    This section is referred to in sections 468, 468d, 470a of this 
title.
