
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: 36USC30705]

 
     TITLE 36--PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND 
                              ORGANIZATIONS
 
            Subtitle II--Patriotic and National Organizations
 
                          Part B--Organizations
 
              CHAPTER 307--BOARD FOR FUNDAMENTAL EDUCATION
 
Sec. 30705. Powers

    The corporation may--
        (1) adopt and amend a constitution and 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 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;
        (7) use corporate funds to give prizes, awards, loans, 
    scholarships, and grants to deserving students to carry out the 
    purpose of the corporation;
        (8) publish a magazine and other publications;
        (9) sue and be sued; and
        (10) do any other act necessary and proper to carry out the 
    purpose of the corporation.

(Pub. L. 105-225, Aug. 12, 1998, 112 Stat. 1323.)

                                          Historical and Revision Notes
-------------------------------------------------------------------------------
---------------------------------
           Revised  Section                    Source (U.S. Code)              
 Source (Statutes at Large)
-------------------------------------------------------------------------------
---------------------------------
30705.................................  36:504.                          July 1
9, 1954, ch. 536, Sec.  4, 68
                                                                          Stat.
 490.
-------------------------------------------------------------------------------
---------------------------------

    In clause (1), the word ``amend'' is substituted for ``alter'' for 
consistency in the revised title. The words ``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 (4), the words ``make contracts'' are substituted for 
``contract and be contracted with'' to eliminate unnecessary words.
    Clause (5) is substituted for ``take and hold by lease, gift, 
purchase, grant, devise, or bequest any property, real or personal, 
necessary for attaining the objects of accomplishing the purposes of the 
corporation'' and ``transfer and convey real or personal property'' for 
consistency in the revised title and to eliminate unnecessary words. The 
words ``subject to applicable provisions of law of any State (A) 
governing the amount or kind of real and personal property which may be 
held by, or (B) otherwise limiting or controlling the ownership of real 
and personal property by, a corporation operating in such State'' are 
omitted as unnecessary.
    In clause (6), the words ``for the purposes of the corporation'' are 
omitted as unnecessary. 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'' for consistency in the revised title. The words 
``subject to all applicable provisions of Federal or State law'' are 
omitted as unnecessary.
    In clause (9), the words ``complain and defend in any court of 
competent jurisdiction'' are omitted as unnecessary.
    In clause (10), the words ``any other act'' are substituted for 
``any and all acts and things'' for consistency in the revised title.
