PUBLIC LAW 95-493—OCT. 20, 1978
92 STAT. 1645
MEMBERSHIP
SEC. 6. Eligibility for membership in the corporation and the rights 36 USC 1206. and privileges of members shall, except as provided in this Act, be determined as the constitution and bylaws of the corporation may provide. ACTIVE BOARD OF TRUSTEES
SEC. 7. (a) The control and management of the affairs and funds 36 USC 1207. of the corporation shall be vested in its active board of trustees which, exclusive of ex officio and honorary members, shall consist of not more than forty active members and not less than twelve active members, one of whom shall be elected chairman. (b) The term of an active trustee of the board shall be four years in duration and, except by the unanimous vote of the members of the board of trustees present and voting, no active trustee may be reelected as an active trustee until after a lapse of one year from the expiration of his term as active trustee. (c) The board of trustees shall meet not less than once annually in the Capitol of the United States at Washington, District of Colum' ' bia, and at such other times as may be determined by the chairman. No meeting of the board of trustees may be held except pursuant to a time and place stated in the bylaws or upon thirty days written notice in advance of any such meeting. (d) Trustees of the corporation shall be elected by action of the active board of trustees. Trustees may be removed by the vote of twothirds of the other active trustees at any time with or without cause. OFFICERS OF THE CORPORATION
SEC. 8. (a) The officers of the corporation shall be a president, who 36 USC 1208. shall be the chief executive officer, five vice presidents, a treasurer, and a secretary. (b) During their respective terms of office, the officers of the corporation shall be ex officio members of the board with all the rights and privileges of a trustee including the right to vote. Officers may receive compensation or other remuneration for their services as determined by the board of trustees, and they may be reimbursed for their actual expenses. (c) Officers of the corporation shall be elected annually by action ,;;,; of the board of trustees and shall continue in office at the pleasure of the board. (d) The duties of the officers of the corporation shall be such as usually pertain to the offices they hold and also shall include such additional duties as may be delegated by the board of trustees. 4 (e) The board of trustees may employ an executive secretary and such other paid personnel as may be needed to assist the officers and the board and to accomplish the programs and business of the corporation. The board shall fix the compensation and prescribe the duties of the executive secretary and such other paid personnel who shall serve at the pleasure of the board.
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