82708. Restrictions (a) Distribution of income or assets to members No part of the income or assets of the corporation shall inure to any member, officer, or director of the corporation or be distributed to any such person during the life of this charter. Nothing in this subsection shall be construed to prevent the payment of reasonable compensation to the officers of the corporation or reimbursement for actual necessary expenses in amounts approved by the board of directors. (b) Loans The corporation shall not make any loan to any officer, director, or employee of the corporation. (c) Issuance of stock; dividends The corporation shall have no power to issue any shares of stock nor to declare or pay any dividends. (d) Claim of approval or authorization The corporation shall not claim congressional approval or Federal Government authority for any of its activities. (Pub. L. 98-391, § 8, Aug. 21, 1984, 98 Stat. 1359.) § 2709. Liability for acts of officers and agents The corporation shall be liable for the acts of its officers and agents when acting within the scope of their authority. (Pub. L. 98-391, § 9, Aug. 21, 1984, 98 Stat. 1359.) § 2710. Books and records; inspection The corporation shall keep correct and complete books and records of accounts and shall keep minutes of any proceeding of the corporation involving any of its members, the board of directors, or any committee having authority under the board of directors. The corporation shall keep at its principal office a record of the names and addresses of all members having the right to vote. All books and records of such corporation may be inspected by any member having the right to vote, or by any agent or attorney of such member, for any proper purpose, at any reasonable time. Nothing in this section shall be construed to contravene any applicable State law. (Pub. L. 98-391, § 10, Aug. 21, 1984, 98 Stat. 1360.) § 2711. Annual report The corporation shall report annually to the Congress concerning the activities of the corporation during the preceding fiscal year. Such annual report shall be submitted at the same time as is the report of the audit required by section 1101(62) of this title. The report shall not be printed as a public document. (Pub. L. 98-391, § 12, Aug. 21, 1984, 98 Stat. 1360.) Officers. Restrictions. § 2803. Objects and purposes of corporation The objects and purposes for which the corporation is organized shall be those provided in its articles of incorporation and also shall be(1) to support the Constitution of the United States; (2) to promote a friendly relationship between the wives of enlisted men who are serving in the active United States Navy, United States Marine Corps, or the United States Coast Guard or who are serving in the Active Reserves thereof; and (3) to perform such charitable activities as provided by the constitution or bylaws of the corporation. (Pub. L. 98-520, § 3, Oct. 19, 1984, 98 Stat. 2428.) § 2804. Service of process With respect to service of process, the corporation shall comply with the laws of the States in which it is incorporated and those States in which it carries on its activities in furtherance of its corporate purposes. (Pub. L. 98-520, § 4, Oct. 19, 1984, 98 Stat. 2428.) § 2805. Membership Eligibility for membership in the corporation and the rights and privileges of members shall be as provided in the bylaws of the corporation. (Pub. L. 98-520, § 5, Oct. 19, 1984, 98 Stat. 2428.) § 2806. Board of directors The board of directors of the corporation and the responsibilities thereof shall be as provided in the articles of incorporation of the corporation and in conformity with the laws of the State or States in which it is incorporated. (Pub. L. 98-520, § 6, Oct. 19, 1984, 98 Stat. 2428.) § 2807. Officers The officers of the corporation, and the election of such officers shall be as is provided in the articles of incorporation of the corporation and in conformity with the laws of the State or States wherein it is incorporated. (Pub. L. 98-520, § 7, Oct. 19, 1984, 98 Stat. 2429.) § 2808. Restrictions (a) Distribution of income or assets to members No part of the income or assets of the corporation shall inure to any member, officer, or director of the corporation or be distributed to any such person during the life of this charter. Nothing in this subsection shall be construed to prevent the payment of reasonable compensation to the officers of the corporation or reimbursement for actual necessary expenses in amounts approved by the board of directors. (b) Loans The corporation shall not make any loan to any officer, director, or employee of the corporation. (c) Political activities The corporation and any officer and director of the corporation, acting as such officer or director, shall not contribute to, support or otherwise participate in any political activity or in any manner attempt to influence legislation. (d) Issuance of stock; dividends The corporation shall have no power to issue any shares of stock nor to declare or pay any dividends. (e) Claim of approval or authorization The corporation shall not claim congressional approval or Federal Government authority for any of its activities. (f) Retention of status under State laws The corporation shall retain and maintain its status as a corporation organized and incorporated under the laws of the State or States wherein it is incorporated. (Pub. L. 98-520, § 8, Oct. 19, 1984, 98 Stat. 2429.) § 2809. Liability for acts of officers and agents The corporation shall be liable for the acts of its officers and agents when acting within the scope of their authority. (Pub. L. 98-520, § 9, Oct. 19, 1984, 98 Stat. 2429.) § 2810. Books and records; inspection The corporation shall keep correct and complete books and records of account and shall keep minutes of any proceeding of the corporation involving any of its members, the board of directors, or any committee having authority under the board of directors. The corporation shall keep at its principal office a record of the names and addresses of all members having the right to vote. All books and records of such corporation may be inspected by any member having the right to vote, or by any agent or attorney of such member, for any proper purpose, at any reasonable time. Nothing in this Powers of corporation. Objects and purposes of corporation. Membership; prohibition on discrimination. Officers. Restrictions. (a) Distribution of assets or income to members. (b) Loans. (c) Political activities. (d) Issuance of stock; dividends. (e) Claim of approval or authorization. (f) Retention of status under State laws. Exclusive right to name, emblems, seals, and badges. Liability for acts of officers and agents. Annual report. Reservation of right to amend or repeal chapter. "State" defined. Tax-exempt status. Failure to comply with restrictions or provi sions. § 2901. Recognition as corporation and grant of Fed eral charter National Society, Daughters of the American Colonists, organized and incorporated under the laws of the District of Columbia in 1921, is hereby recognized as such and is granted a charter. (Pub. L. 98-561, § 1, Oct. 30, 1984, 98 Stat. 2910.) § 2902. Powers of corporation National Society, Daughters of the American Colonists (hereinafter referred to as the "cor poration") shall have only those powers granted to it through its bylaws and articles of incorporation filed in the State or States in which it is incorporated and subject to the laws of such State or States. (Pub. L. 98-561, § 2, Oct. 30, 1984, 98 Stat. 2910.) § 2903. Objects and purposes of corporation The objects and purposes for which the cor poration is organized shall be those provided in its articles of incorporation and shall include a continuing commitment, on a national basis, to (1) conduct research with respect to the history and deeds of the American colonists, and record and publish the results of such research; (2) publish the memoirs of American colonists; (3) erect memorials to commemorate the history and deeds of the American colonists; (4) promote respect and admiration for the institutions, laws, and flag of the United States; (5) engage in mutual improvement and educational activities; and (6) establish scholarships to assist needy and deserving students and to promote the improvement of educational institutions, engage in volunteer service and make contributions to veterans hospitals, and perform such other charitable activities including the national presidents' projects as may be provided by the articles of incorporation or bylaws of the society. (Pub. L. 98-561, § 3, Oct. 30, 1984, 98 Stat. 2910.) § 2904. Service of process With respect to service of process, the corporation shall comply with the laws of the States in which it is incorporated and those States in which it carries on its activities in furtherance of its corporate purposes. (Pub. L. 98-561, § 4, Oct. 30, 1984, 98 Stat. 2910.) § 2905. Membership; prohibition on discrimination Eligibility for membership in the corporation and the rights and privileges of members shall, except as provided in this chapter, be as provided in the constitution and bylaws of the corporation, and terms of membership and requirements for holding office within the corporation shall not be discriminatory on the basis of race, color, religion, or national origin. (Pub. L. 98-561, § 5, Oct. 30, 1984, 98 Stat. 2911.) § 2906. Board of directors The board of directors of the corporation and the responsibilities thereof shall be as provided in the articles of incorporation or bylaws of the corporation and in conformity with the laws of the State or States in which it is incorporated. (Pub. L. 98-561, § 6, Oct. 30, 1984, 98 Stat. 2911.) 82907. Officers The officers of the corporation, and the election of such officers shall be as is provided in the articles of incorporation or bylaws of the corporation and in conformity with the laws of the State or States wherein it is incorporated. (Pub. L. 98-561, § 7, Oct. 30, 1984, 98 Stat. 2911.) 8 2908. Restrictions (a) Distribution of assets or income to members No part of the income or assets of the corporation shall inure to any member, officer, or director of the corporation or be distributed to any such person during the life of this charter. Nothing in this subsection shall be construed to prevent the payment of reasonable compensation to the officers of the corporation or reimbursement for actual necessary expenses in amounts approved by the board of directors. (b) Loans The corporation shall not make any loan to any officer, director, or employee of the corporation. (c) Political activities The corporation and any officer and director of the corporation, acting as such officer or di rector, shall not contribute to, support, or otherwise participate in any political activity or in any manner attempt to influence legislation. (d) Issuance of stock; dividends The corporation shall have no power to issue any shares of stock nor to declare or pay any dividends. (e) Claim of approval or authorization The corporation shall not claim congressional approval or Federal Government authority for any of its activities. (f) Retention of status under State laws The corporation shall retain and maintain its status as a corporation organized and incorporated under the laws of the State or States wherein it is incorporated. (Pub. L. 98-561, § 8, Oct. 30, 1984, 98 Stat. 2911.) § 2909. Exclusive right to name, emblems, seals, and badges Subject to established or vested rights, the corporation shall have the sole and exclusive right to have and to use, in carrying out its purposes, the name National Society, Daughters of the American Colonists and any emblem, seal, or badge adopted or used by the corporation. (Pub. L. 98-561, § 9, Oct. 30, 1984, 98 Stat. 2911.) § 2910. Liability for acts of officers and agents The corporation shall be liable for the acts of its officers and agents when acting within the scope of their authority. (Pub. L. 98-561, § 10, Oct. 30, 1984, 98 Stat. 2911.) § 2911. Books and records; inspection The corporation shall keep correct and complete books and records of account and shall keep minutes of any proceeding of the corporation involving any of its members, the board of directors, or any committee having authority under the board of directors. The corporation shall keep at its principal office a record of the names and addresses of all members having the right to vote. All books and records of such corporation may be inspected by any member having the right to vote, or by any agent or attorney of such member, for any proper purpose, at any reasonable time. Nothing in this section shall be construed to contravene any applicable State law. (Pub. L. 98-561, § 11, Oct. 30, 1984, 98 Stat. 2912.) § 2912. Annual report The corporation shall report annually to the Congress concerning the activities of the corporation during the preceding fiscal year. Such annual report shall be submitted at the same time as is the report of the audit required by section 1101(66) of this title. The report shall not be printed as a public document. (Pub. L. 98-561, § 13, Oct. 30, 1984, 98 Stat. 2912.) REFERENCES IN TEXT Section 1101(66) of this title, referred to in text, was in the original "section 11 of this Act", meaning section 11 of Pub. L. 98-561, which amended section 1101 of this title to include the National Society, Daughters of the American Colonists, within the definition of "private corporations established under Federal law". Section 1103 of this title requires a report to Congress on the annual audit of private corporations established under Federal law. § 2913. Reservation of right to amend or repeal chapter The right to alter, amend, or repeal this chapter is expressly reserved to the Congress. (Pub. L. 98-561, § 14, Oct. 30, 1984, 98 Stat. 2912.) § 3001. Recognition as corporation and grant of Federal charter The 369th Veterans' Association, a nonprofit corporation organized under the laws of the State of New York, is hereby recognized as such and is granted a charter. (Pub. L. 98-565, § 1, Oct. 30, 1984, 98 Stat. 2920.) § 3002. Powers of corporation 369th Veterans' Association (hereinafter re ferred to as the "corporation") shall have only those powers granted to it through its bylaws and articles of incorporation filed in the State or States in which it is incorporated and subject to the laws of such State or States. (Pub. L. 98-565, § 2, Oct. 30, 1984, 98 Stat. 2920.) § 3003. Objects and purposes of corporation The objects and purposes of the corporation are those provided in its articles of incorporation and shall include (1) to promote the principles of friendship and good will among its members; (2) to engage in all forms of social and civic endeavors that will tend to enhance the welfare of its members, and to inculcate in them the true principles of good citizenship; and (3) to memorialize, individually and collectively, the patriotic services of its members in the several units of the 369th antiaircraft artillery group and other units in the Armed Forces of the United States, (Pub. L. 98-565, § 3, Oct. 30, 1984, 98 Stat. 2920.) § 3004. Service of process With respect to service of process, the corporation shall comply with the laws of the States in which it is incorporated and those States in which it carries on its activities in furtherance of its corporate purposes. (Pub. L. 98-565, § 4, Oct. 30, 1984, 98 Stat. 2920.) § 3005. Membership; prohibition on discrimination Eligibility for membership in the corporation and the rights and privileges of members shall, except as provided in this chapter, be as provided in the constitution and bylaws of the corporation, and terms of membership and requirements for holding office within the corporation shall not be discriminatory on the basis of race, color, religion, or national origin. (Pub. L. 98-565, § 5, Oct. 30, 1984, 98 Stat. 2920.) § 3006. Board of directors The board of directors of the corporation and the responsibilities thereof shall be as provided |