Page:United States Statutes at Large Volume 112 Part 2.djvu/416

 112 STAT. 1300 PUBLIC LAW 105-225—AUG. 12, 1998 22102. Purposes. 22103. Governing body. 22104. Powers. 22105. Restrictions. 22106. Principal office. 22107. Records and inspection. 22108. Service of process. 22109. Liability for acts of officers and agents. §22101. Organization (a) FEDERAL CHARTER. —The American Society of International Law (in this chapter, the "corporation") is a federally chartered corporation. (b) PERPETUAL EXISTENCE,—Except as otherwise provided, the corporation has perpetual existence. §22102. Purposes The purposes of the corporation are— (1) to foster the study of international law; and (2) to promote the establishment and maintenance of international relations on the basis of law and justice. §22103. Governing body (a) EXECUTIVE COUNCIL. — (1) The executive council is the governing body of the corporation. However, the council is subject to the directions of the corporation at its annual meetings and at any other meeting called under the constitution, bylaws, or regulations of the corporation. (2) The council consists of a president, an honorary president, a number of vice presidents and honorary vice presidents as provided in the constitution, a secretary, a treasurer, and at least 24 additional individuals. (b) ELECTION AND TERMS. —The officers of the corporation and one-third of the other members of the council shall be elected at each annual meeting of the corporation. However, the constitution may authorize the council— (1) to elect the secretary and the treasurer of the corporation for specified terms; and (2) to fill vacancies until the next annual meeting. §22104. Powers The corporation may— (1) adopt and amend a constitution, bylaws, and regulations for the management of its property and the regulation of its affairs; (2) adopt and alter a corporate seal; (3) choose officers, managers, and agents as the activities of the corporation require; (4) make contracts; (5) acquire, own, lease, encumber, and transfer property as necessary to carry out the purposes of the corporation; (6) borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property; (7) publish a journal and other publications; (8) sue and be sued; and (9) do any other act necessary and proper to carry out the purposes of the corporation.

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