Page:United States Statutes at Large Volume 112 Part 2.djvu/493

 PUBLIC LAW 105-225—AUG. 12, 1998 112 STAT. 1377 (b) PERPETUAL EXISTENCE. — Except as otherwise provided, the corporation has perpetual existence. §130502. Purposes The purposes of the corporation are— (1) to promote, develop, supervise, and voluntarily assist in all lawful ways the interest of young people who participate in Little League baseball; (2) to help and voluntarily assist young people in developing qualities of citizenship and sportsmanship; and (3) using the disciplines of the native American game of baseball, to teach spirit and competitive will to win, physical fitness through individual sacrifice, the values of team play, and wholesome well being through healthy social association with other youngsters under proper leadership. §130503. Membership (a) ELIGIBILITY.— Except as provided in this chapter, eligibility for membership in the corporation and the rights and privileges of members are as provided in the constitution and bylaws of the corporation. (b) VOTING.—Each member (except an honorary or associate member) has one vote on each matter submitted to a vote at a meeting of the members. §130504. Governing body (a) BOARD OF DIRECTORS. —(1) The board of directors is the governing body of the corporation. Between meetings of the corporation, the board is responsible for the general policies and program of the corporation. The board is responsible for the control of all funds of the corporation. (2) The number of directors, their manner of selection (including the filling of vacancies), and their term of office are as provided in the constitution and bylaws of the corporation. However, the board shall have at least 13 directors. (b) OFFICERS. — (1) The officers of the corporation are a chairman of the board of directors, a president, a vice president, and a secretary-treasurer. Their duties are as provided in the constitution and bylaws of the corporation. (2) The officers shall be elected annually at the annual meeting of the corporation. §130505. Powers The corporation may— (1) adopt and amend a constitution and bylaws for the management of its property and the regulation of its affairs; (2) adopt and alter a corporate seal; (3) adopt, alter, and display seals, emblems, and badges; (4) choose directors, officers, trustees, managers, employees, and agents as the activities of the corporation require; (5) make contracts; (6) acquire, own, lease, encumber, and transfer property as necessary or convenient to carry out the purposes of the corporation; (7) borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;

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