Page:United States Statutes at Large Volume 102 Part 4.djvu/881

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PUBLIC LAW 100-655—NOV. 14, 1988

102 STAT. 3851

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) The corporation shall not make any loan to any officer, director, or employee of the corporation. (c) 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) The corporation shall have no power to issue any shares of stock nor to declare or pay any dividends. (e) The corporation shall not claim congressional approval or Federal Government authority for any of its activities. (f) The corporation shall retain and maintain its status as a corporation organized and incorporated under the laws of the State of Colorado. LIABILITY

SEC. 108. The corporation shall be liable for the acts of its officers and agents when acting within the scope of their authority.

36 USC 4108.

SERVICE OP PROCESS

SEC. 109. With respect to service of process, the corporation shall 36 USC 4109. 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. BOOKS AND RECORDS; INSPECTION

SEC. 110. The corporation shall keep correct and complete books 36 USC 4iio. 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 of 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. AUDIT OF F I N A N C I A L TRANSACTIONS

SEC. 111. The first section of the Act entitled "An Act to provide for audit of accounts of private corporations established under Federal law", approved August 30, 1964 (36 U.S.C. 1101), is amended by adding at the end thereof the following: "(60) The National Mining Hall of Fame and Museum". ANNUAL REPORT

SEC. 112. The corporation shall report annually to the Congress 36 USC 4111. 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 111 of this title. The report shall not be printed as a public document.

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