republic-os/legal/us/code/title-36/chapter-2201/section-220105.md

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36 U.S.C. § 220105 - Powers

Text

The corporation has all the powers necessary and proper to carry out the purposes stated in section 220102 of this title, including the power—

(1) to adopt and amend bylaws and regulations for the management of its property and the regulation of its affairs;

(2) to adopt and alter a corporate seal;

(3) to adopt and alter emblems and marks;

(4) to establish and maintain offices to conduct the affairs of the corporation;

(5) to choose officers, representatives, and agents as the activities of the corporation require;

(6) to make contracts;

(7) to acquire, own, lease, encumber, and transfer property as necessary or convenient to carry out the purposes of the corporation;

(8) to borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;

(9) to publish a magazine, newspaper, and other publications;

(10) to establish, regulate, and terminate councils, organizations, chapters, or affiliates as needed to carry out the purposes stated in section 220102 of this title;

(11) to solicit funds;

(12) to sue and be sued; and

(13) to do any other act necessary and proper to carry out the purposes stated in section 220102 of this title.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1460.)

Notes

Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 22010536:1303.Dec. 29, 1979, Pub. L. 96–165, §§ 3, 6 (1st sentence), 93 Stat. 1269, 1271.  36:1306 (1st sentence).  In this section, the text of 36:1306 (1st sentence) is omitted as executed and obsolete. Before clause (1), the word “objects” is omitted as included in “purposes”. The word “including” is substituted for “Without limiting the generality of the foregoing, the corporation shall have the following specific powers” to eliminate unnecessary words. In clause (1), the word “adopt” is substituted for “enact”, the word “regulations” is substituted for “rules, and regulations”, and the words “for the management of its property and the regulation of its affairs” are substituted for “for its internal governance and management”, for consistency in the revised title. The words “not inconsistent with this chapter or other provisions of law” are omitted as unnecessary. In clause (5), the words “as the activities of the corporation require” are substituted for “as may be necessary to carry out the corporate purposes” for consistency in the revised title. In clause (6), the words “make contracts” are substituted for “make and enter into contracts” for consistency in the revised title and to eliminate unnecessary words. Clause (7) is substituted for 36:1303(d) for consistency in the revised title. In clause (8), the words “for the purposes of the corporation” are omitted as unnecessary. The words “instruments of indebtedness, and secure its obligations by granting security interests in its property” are substituted for “bonds therefor, and secure the same by mortgage” for consistency in the revised title. The words “subject in every case to all applicable provisions of Federal and State law” are omitted as unnecessary. In clause (10), the words “State, regional, local, and overseas” are omitted as unnecessary. The words “as needed” are substituted for “in such manner and by such rules as it deems appropriate so as to enable it”, and the words “to carry out the purposes stated in section 220102 of this title” are substituted for “to carry out its powers and accomplish the objects and purposes set forth in section 1302 of this title”, to eliminate unnecessary words. In clause (11), the word “raise” is omitted as included in “solicit”. The words “for the accomplishment of its purposes” are omitted as unnecessary. The words “accept gifts, legacies, devises, and support in furtherance thereof” are omitted as unnecessary because the same power is granted by the words “solicit funds” (in this clause) and “acquire [and] own . . . property” (in clause (6)). In clause (12), the words “in any court” are omitted as unnecessary. In clause (13), 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 words “the purposes stated in section 220102 of this title” are substituted for “the foregoing specifically enumerated purposes” for clarity and consistency in the revised section.