
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 36USC151105]

 
     TITLE 36--PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND 
                              ORGANIZATIONS
 
            Subtitle II--Patriotic and National Organizations
 
                          Part B--Organizations
 
    CHAPTER 1511--NATIONAL EDUCATION ASSOCIATION OF THE UNITED STATES
 
Sec. 151105. Powers

    The corporation may--
        (1) adopt and amend bylaws;
        (2) adopt and alter a corporate seal;
        (3) acquire, own, lease, encumber, and transfer property to 
    carry out the purposes of the corporation;
        (4) accept and administer a trust for educational purposes;
        (5) borrow money, issue instruments of indebtedness, and secure 
    its obligations by granting security interests in its property; and
        (6) sue and be sued in any court of the United States, or other 
    court of competent jurisdiction.

(Pub. L. 105-225, Aug. 12, 1998, 112 Stat. 1398.)

                                          Historical and Revision Notes
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---------------------------------
           Revised  Section                    Source (U.S. Code)              
 Source (Statutes at Large)
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---------------------------------
151105................................  36:5303.                         June 3
0, 1906, ch. 3929, Sec.  3, 34
                                                                          Stat.
 805; June 30, 1969, Pub. L. 91-
                                                                          37, S
ec. 1(a), 83 Stat. 42.
                                        36:5309.                         June 3
0, 1906, ch. 3929, Sec.  9, 34
                                                                          Stat.
 807.
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---------------------------------

    In this section, the text of 36:5309 is omitted as executed and 
obsolete.
    In clause (1), the words ``adopt and amend'' are substituted for 
``make'' for consistency in the revised title. The words ``not 
inconsistent with the provisions of this chapter or of the Constitution 
of the United States'' are omitted as unnecessary.
    In clause (2), the words ``adopt and alter a corporate seal'' are 
substituted for ``have and to use a common seal, and to alter and change 
the same at its pleasure'' for consistency in the revised title and to 
eliminate unnecessary words.
    Clause (3) is substituted for ``take or receive, whether by gift, 
grant, devise, bequest, or purchase, any real or personal estate, and to 
hold, grant, transfer, sell, convey, hire, or lease the same for the 
purpose of its incorporation'' for consistency in the revised title and 
to eliminate unnecessary words.
    In clause (4), the words ``of real or personal estate'' and ``within 
the objects of the corporation'' are omitted as unnecessary.
    In clause (5), the words ``for its corporate purposes'' are omitted 
as unnecessary. The words ``instruments of indebtedness'' are 
substituted for ``bonds therefor'', and the words ``secure its 
obligations by granting security interests in its property'' are 
substituted for ``secure the same by mortgage, deed of trust, pledge, or 
otherwise'', for consistency in the revised title and to eliminate 
unnecessary words.
