
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: 36USC70906]

 
     TITLE 36--PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND 
                              ORGANIZATIONS
 
            Subtitle II--Patriotic and National Organizations
 
                          Part B--Organizations
 
                 CHAPTER 709--FUTURE FARMERS OF AMERICA
 
Sec. 70906. Powers

    The corporation may--
        (1) adopt and amend bylaws and regulations for the management of 
    its property and the regulation of its affairs, including the 
    establishment and maintenance of local chapters and State 
    associations of chapters;
        (2) adopt and alter a corporate seal;
        (3) adopt emblems and badges;
        (4) choose officers, managers, agents, and employees as the 
    activities of the corporation require;
        (5) make contracts;
        (6) acquire, own, lease, encumber, and transfer property as 
    necessary or convenient to carry out the purposes of the 
    corporation;
        (7) borrow money, issue instruments of indebtedness, and secure 
    its obligations by granting security interests in its property;
        (8) use corporate funds to give prizes, awards, loans, and 
    grants to deserving students and young farmers to carry out the 
    purposes of the corporation;
        (9) publish a magazine and other publications;
        (10) procure for and distribute to State associations, local 
    chapters, and members all official Future Farmers of America 
    supplies and equipment;
        (11) sue and be sued; and
        (12) do any other act necessary and proper to carry out the 
    purposes of the corporation.

(Pub. L. 105-225, Aug. 12, 1998, 112 Stat. 1357.)

                                          Historical and Revision Notes
-------------------------------------------------------------------------------
---------------------------------
           Revised  Section                    Source (U.S. Code)              
 Source (Statutes at Large)
-------------------------------------------------------------------------------
---------------------------------
70906.................................  36:274.                          Aug. 3
0, 1950, ch. 823, Secs.  4, 19,
                                                                          64 St
at. 564, 567.
                                        36:289.
-------------------------------------------------------------------------------
---------------------------------

    In this section, the text of 36:289 is omitted as executed and 
obsolete.
    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 such corporation is to 
operate'' are omitted as unnecessary.
    In clause (2), the word ``use'' is omitted as unnecessary.
    In clause (5), the words ``make contracts'' are substituted for 
``contract and be contracted with'' to eliminate unnecessary words.
    Clause (6) is substituted for ``to take and hold by lease, gift, 
purchase, grant, devise, or bequest any property, real or personal, 
necessary for attaining the objects and accomplishing the purposes of 
the corporation'' and ``to 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 (7), 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 (8), the words ``to carry out the purposes of the 
corporation'' are substituted for ``for the purposes set forth in 
section 273 of this title'' for consistency in the revised title.
    In clause (11), the words ``complain, and defend in any court of 
competent jurisdiction'' are omitted as unnecessary.
    In clause (12), the words ``any other act'' are substituted for 
``any and all acts and things'' for consistency in the revised title and 
to eliminate unnecessary words. The word ``objects'' is omitted as 
included in ``purposes''.
