Page:United States Statutes at Large Volume 104 Part 4.djvu/655

 PUBLIC LAW 101-593—NOV. 16, 1990 104 STAT. 2971 (e) MEETINGS.—The Board shall meet at the call of the Chairman at least once a year. If a Director misses three consecutive regularly scheduled meetings, that individual may be removed from the Board by majority vote of the Board of Directors and that vacancy filled in accordance with subsection (b) of this section. (f) REIMBURSEMENT OF EXPENSES.— Voting members of the Board shall serve without pay, but may be reimbursed for the actual and necessary traveling and subsistence expenses incurred by them in the performance of their duties for the Foundation. Such reimbursement may not exceed such amount as would be authorized under section 5703 of title 5, United States Code, for the payment of expenses and allowances for individuals employed intermittently in the Federal Government service. (g) GENERAL POWERS.— The Board may complete the organization of the Foundation by appointing employees, adopting a constitution and bylaws consistent with the purposes of the Foundation and the provisions of this subtitle, and undertaking other such acts as may be necessary to function and to carry out the provisions of this subtitle. (h) OFFICERS AND EMPLOYEES. —Officers and employees may not be appointed until the Foundation has sufficient funds to pay for their services. Officers and employees of the Foundation shall be appointed without regard to the provisions of title 5, United States Code, governing appointments in the competitive service, and may be paid without regard to the provisions of chapter 51 and subchapter III of chapter 53 of such title relating to classification and General Schedule pay rates. SEC. 404. CORPORATE POWERS AND OBLIGATIONS. 16 USC 583J-2. (a) IN GENERAL. —The Foundation— (1) shall have perpetual succession; (2) may conduct business throughout the several States, territories, and possessions of the United States and in foreign countries; (3) shall have its principal offices in the Washington, D.C. District of metropolitan area; and Columbia. (4) shall at all times maintain a designated agent in the District of Columbia authorized to accept service of process for the Foundation. (b) NOTICE AND SERVICE OF PROCESS.—The serving of notice to, or service of process upon, the agent required under this paragraph, or mailed to the business address of such agent, shall be deemed as service upon or notice to the Foundation. (c) SEAL.—The Foundation shall have an official seal selected by the Board which shall be judicially noticed. (d) POWERS.—To carry out its purposes, the Foundation shall have, in addition to powers otherwise authorized under this title, the usual powers of a corporation in the District of Columbia, including the power to— (1) accept, receive, solicit, hold, administer and use any gift, devise, or bequest, either absolutely or in trust, or real or personal property or any income therefrom or other interest therein; (2) acquire by donation, gift, devise, purchase or exchange any real or personal property or interest therein;

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