
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: 36USC20105]

 
     TITLE 36--PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND 
                              ORGANIZATIONS
 
            Subtitle II--Patriotic and National Organizations
 
                          Part B--Organizations
 
                 CHAPTER 201--AGRICULTURAL HALL OF FAME
 
Sec. 20105. Powers

    The corporation may--
        (1) adopt and amend bylaws for the management of its property 
    and the regulation of its affairs;
        (2) adopt and alter a corporate seal;
        (3) choose officers, managers, agents, and employees as the 
    activities of the corporation require;
        (4) make contracts;
        (5) acquire, own, lease, encumber, and transfer property as 
    necessary or convenient to carry out the purposes of the 
    corporation;
        (6) borrow money, issue instruments of indebtedness, and secure 
    its obligations by granting security interests in its property; and
        (7) sue and be sued.

(Pub. L. 105-225, Aug. 12, 1998, 112 Stat. 1285.)

                                          Historical and Revision Notes
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           Revised  Section                    Source (U.S. Code)              
 Source (Statutes at Large)
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20105.................................  36:974(2)-(9).                   Aug. 3
1, 1960, Pub. L. 86-680, Secs.
                                                                          4(2)-
(9), 17, 74 Stat. 574, 577.
                                        36:987.
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---------------------------------

    In this section, the text of 36:987 is omitted as executed and 
obsolete.
    In clause (1), the words ``and alter'' are omitted as unnecessary.
    In clause (2), the word ``use'' is omitted as unnecessary.
    In clause (4), the words ``make contracts'' are substituted for 
``contract and be contracted with'' to eliminate unnecessary words.
    Clause (5) is substituted for ``take by lease, gift, purchase, 
grant, devise, or bequest from any private corporation, association, 
partnership, firm, or individual and to hold any property, real, 
personal, or mixed, necessary or convenient for attaining the objects 
and carrying into effect the purposes of the corporation'' in 36:974(7) 
and ``transfer, convey, lease, sublease, encumber and otherwise alienate 
real, personal or mixed property'' in 36:974(8) for consistency in the 
revised title and to eliminate unnecessary words. The words ``subject, 
however, to applicable provisions of law of any State (A) governing the 
amount or kind of property which may be held by, or (B) otherwise 
limiting or controlling the ownership of property by, a corporation 
operating in such State'' in 36:974(7) are omitted as unnecessary.
    In clause (6), the words ``issue instruments of indebtedness, and 
secure its obligations by granting security interests in its property'' 
are substituted for ``issue bonds therefor, and secure the same by 
mortgage, deed of trust, pledge or otherwise'' for consistency in the 
revised title and to eliminate unnecessary words. The words ``for the 
purposes of the corporation'' and ``subject in every case to all 
applicable provisions of Federal and State laws'' are omitted as 
unnecessary.
    In clause (7), the words ``complain and defend in any court of 
competent jurisdiction'' are omitted as unnecessary.
