§90105 — Title 36 Patriotic and National Observances | U.S. Code

Summary

The foundation can set up its own rules, use an official seal, and take whatever steps it needs to do its work. Under D.C. law it has the usual corporate powers for managing assets: it can accept and manage gifts and bequests, buy, sell, lease, or invest in property, borrow money, make contracts with public or private groups, sue and be sued, and take other actions needed to meet its goals. The foundation may accept gifts even if they have restrictions or other people’s interests, as long as some present or future benefit goes to the foundation. Starting in 2003, it may each year hold a conference in the Washington, D.C. area to honor secondary school students and others who have served or plan to serve as poll workers and who joined its programs.

Title 36, §90105

Patriotic and National Observances — Source: USLM XML via OLRC

(a)The foundation may—

(1)adopt a constitution and bylaws;

(2)adopt a seal which shall be judicially noticed; and

(3)do any other act necessary to carry out this chapter.

(b)To carry out its purposes, the foundation has the usual powers of a corporation acting as a trustee in the District of Columbia, including the power—

(1)to accept, receive, solicit, hold, administer, and use any gift, devise, or bequest, either absolutely or in trust, of property or any income from or other interest in property;

(2)to acquire property or an interest in property by purchase or exchange;

(3)unless otherwise required by an instrument of transfer, to sell, donate, lease, invest, or otherwise dispose of any property or income from property;

(4)to borrow money and issue instruments of indebtedness;

(5)to make contracts and other arrangements with public agencies and private organizations and persons and to make payments necessary to carry out its functions;

(6)to sue and be sued; and

(7)to do any other act necessary and proper to carry out the purposes of the foundation.

(c)A gift, devise, or bequest may be accepted by the foundation even though it is encumbered, restricted, or subject to beneficial interests of private persons, if any current or future interest is for the benefit of the foundation.

(d)The foundation may enter into such contracts with public and private entities as it considers appropriate to carry out its purposes.

(e)During each year (beginning with 2003), the foundation may sponsor a conference in the Washington, D.C. metropolitan area to honor secondary school students and other individuals who have served (or plan to serve) as poll workers and assistants and who have otherwise participated in the programs and activities of the foundation.

Editorial Notes

Amendments

2014—Pub. L. 113–237 renumbered section 152605 of this title as this section.

§90105 Powers

Summary

Title 36, §90105

Notes & Related Subsidiaries

Editorial Notes

Amendments

Citations & Metadata