Page:United States Statutes at Large Volume 112 Part 2.djvu/458

 112 STAT. 1342 PUBLIC LAW 105-225—AUG. 12, 1998 containing the official volumes of the War of the Rebellion Records, Civil War genealogical files, Adjutant General reports of the various States, military and biographical records and accounts of the individual service of Union soldiers, sailors, and marines, diaries, letters, relics, and other records; (4) promulgating and teaching American history, particularly the history of the Civil War period, through the establishment of scholarship programs at the national and State levels, the presentation of American flags to youth groups and newly naturalized citizens, and the sponsorship of contests of educational merit; (5) caring for veterans of all wars through volunteer programs in Department of Veterans Affairs medical centers and in homes and other institutions maintained by the States for the welfare of American veterans; and (6) participating, in a spirit of cooperation and reciprocity, in programs with other societies devoted to American history, veterans' affairs, or community interests. (c) VETERANS' AND PATRIOTIC ORGANIZATION. — The corporation shall function as a veterans' and patriotic organization as authorized by the laws of each State in which it is incorporated. §50104. Membership Eligibility for membership in the corporation and the rights and privileges of members are as provided in the constitution and bylaws of the corporation. §50105. Governing body (a) BOARD OF DIRECTORS. — The board of directors and the responsibilities of the board are as provided in the articles of incorporation. (b) OFFICERS. —The officers and the election of officers are as provided in the articles of incorporation. §50106. Powers The corporation has only the powers provided in its bylaws and articles of incorporation filed in each State in which it is incorporated. §50107. Restrictions (a) STOCK AND DIVIDENDS. —The corporation may not issue stock or declare or pay a dividend. (b) POLITICAL ACTIVITIES. —The corporation or a director or officer as such may not contribute to, support, or participate in any political activity or in any manner attempt to influence legislation. (c) DISTRIBUTION OF INCOME OR ASSETS. —The income or assets of the corporation may not inure to the benefit of, or be distributed to, a director, officer, or member during the life of the charter granted by this chapter. This subsection does not prevent the pay- ment of reasonable compensation to an officer or reimbursement for actual necessary expenses in amounts approved by the board of directors. (d) LOANS.—The corporation may not make a loan to a director, officer, or employee.

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