Page:United States Statutes at Large Volume 72 Part 1.djvu/640

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[72 Stat. 598]
PUBLIC LAW 85-000—MMMM. DD, 1958
[72 Stat. 598]

598

PUBLIC LAW 85-642-AUG. 14, 1958

[72 S T A T.

OBJECTS AND PURPOSES OF THE CORPORATION

SEC. 3. The objects and purposes of the corporation are as follows; (1) To form a bond of friendship and comradeship among all holders of the Congressional Medal of Honor. (2) To protect, uphold, and preserve the dignity and honor of the medal at all times and on all occasions. (3) To protect the name of the medal, and individual holders of the medal from exploitation. (4) To provide appropriate aid to all persons to whom the medal has been awarded, their widows or their children. (5) To serve our country in peace as we did in war. (6) To inspire and stimulate our youth to become worthy citizens of our country. (7) To foster and perpetuate Americanism. POWERS OF THE CORPORATION

SEC. 4. The corporation shall have power— (1) to sue and be sued, complain and defend in any court of competent jurisdiction; (2) to adopt, alter, and use a corporate seal; (3) to choose officers, managers, and agents as the business of the corporation may require; (4) to charge and collect membership dues; (5) to adopt, amend, apply, and alter a constitution and bylaws not inconsistent with the laws of the United States of America or any State in which the corporation is to operate, for the management of its property and the regulation of its affairs; (6) to contract and be contracted with; (7) to take and hold by lease, gift, purchase, grant, devise, bequest or otherwise any property real, personal, or mixed, necessary or convenient for attaining the objects of the corporation, subject, however, 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; (8) to transfer, lease, or convey real or personal property; (9) to borrow money for the purposes of the corporation and issue bonds or other evidences of indebtedness therefor and secure the same by mortgage or pledge subject to applicable Federal or State laws; and (10) to do any and all acts necessary and proper to carry out the purposes of the corporation. PRINCIPAL OFFICE; TERRITORIAL SCOPE OP ACTIVITIES; RESIDENT AGENT

SEC. 5. (a) The principal office of the corporation shall be located in Washington, District of Columbia, or in such other place as may later be determined by the board of directors but the activities of the corporation shall not be confined to that place and may be conducted throughout the various Territories and possessions of the United States. (b) The corporation shall have in the District of Columbia at all times a designated agent authorized to accept service and process for the corporation; and notice to or service upon such agent or mailed to the business address of such agent shall be deemed as service to or notice on the corporation.