
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: 36USC23105]

 
     TITLE 36--PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND 
                              ORGANIZATIONS
 
            Subtitle II--Patriotic and National Organizations
 
                          Part B--Organizations
 
                   CHAPTER 231--AVIATION HALL OF FAME
 
Sec. 23105. 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, trustees, 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. 1312.)

                                          Historical and Revision Notes
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           Revised  Section                    Source (U.S. Code)              
 Source (Statutes at Large)
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23105.................................  36:4304(2)-(9).                  July 1
4, 1964, Pub. L. 88-372, Secs.
                                                                          4(2)-
(9), 17, 78 Stat. 315, 318.
                                        36:4317.
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---------------------------------

    In this section, the text of 36:4317 is omitted as executed and 
obsolete.
    In clause (1), the words ``and alter'' and ``not inconsistent with 
the laws of the United States or any State in which the corporation is 
to operate'' are omitted as unnecessary.
    In clause (2), the word ``use'' is omitted as unnecessary.
    In clause (3), the word ``activities'' is substituted for 
``business'' for consistency in the revised title.
    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'' and 
``transfer, convey, lease, sublease, encumber, and otherwise alienate 
real, personal, or mixed property'' 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'' are omitted as unnecessary.
    In clause (6), the words ``instruments of indebtedness'' are 
substituted for ``bonds'' for consistency in the revised title. 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. 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 and for consistency 
in the revised title.
