
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 36USC150302]

 
     TITLE 36--PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND 
                              ORGANIZATIONS
 
            Subtitle II--Patriotic and National Organizations
 
                          Part B--Organizations
 
               CHAPTER 1503--NATIONAL ACADEMY OF SCIENCES
 
Sec. 150302. Powers

    (a) General.--The corporation may--
        (1) make its own organization, including adopting a 
    constitution, bylaws, and regulations;
        (2) provide for the election of domestic and foreign members, 
    their division into classes, and other matters needful or usual in 
    such an institution;
        (3) fill vacancies; and
        (4) report its actions under this subsection to Congress.

    (b) Property.--(1) The corporation may--
        (A) receive property by devise, bequest, donation, or otherwise;
        (B) hold the property absolutely or in trust;
        (C) manage and invest the property as provided in the 
    constitution of the corporation; and
        (D) use the property and income from the property to carry out 
    the purposes of the corporation, subject to instructions of donors.

    (2) Congress at any time may limit the amount of real estate the 
corporation may acquire and the amount of time it may be held.

(Pub. L. 105-225, Aug. 12, 1998, 112 Stat. 1388.)

                                          Historical and Revision Notes
-------------------------------------------------------------------------------
---------------------------------
           Revised  Section                    Source (U.S. Code)              
 Source (Statutes at Large)
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---------------------------------
150302(a).............................  36:252.                          Mar. 3
, 1863, ch. 111, Sec.  2, 12
                                                                          Stat.
 806; July 14, 1870, ch. 264, 16
                                                                          Stat.
 277.
150302(b).............................  36:254.                          June 2
0, 1884, ch. 107, 23 Stat. 50;
                                                                          May 2
7, 1914, ch. 101, Sec.  1, 38
                                                                          Stat.
 383.
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---------------------------------

    In subsection (a)(1), the word ``rules'' is omitted as included in 
``regulations''.
    In subsection (a)(2), the words ``their division'' are substituted 
for ``the division'' for clarity.
    In subsection (a)(3), the words ``created by death, resignation, or 
otherwise'' are omitted as unnecessary.
    In subsection (a)(4), the words ``its actions under this 
subsection'' are substituted for ``the same'' for clarity.
    In subsection (b)(1), before clause (A), the word ``may'' is 
substituted for ``be, and the same is, authorized and empowered to'' for 
consistency in the revised title and to eliminate unnecessary words. In 
clause (A), the words ``either real or personal'' are omitted as 
unnecessary and for consistency in the revised title. In clause (C), the 
word ``reinvest'' is omitted as unnecessary.

                  Section Referred to in Other Sections

    This section is referred to in section 10102 of this title.
