Page:United States Statutes at Large Volume 112 Part 2.djvu/503

 PUBLIC LAW 105-225—AUG. 12, 1998 112 STAT. 1387 (4) advising on the relationship of Federal, State, regional, and local governments, and increasing public officials', citizens', and scholars' understanding of requirements and opportunities for sound governance and how these can be effectively met; and (5) demonstrating by the conduct of its affairs a commitment to the highest professional standards of ethics and scholarship. § 150104. Services to United States Government On request of the United States Government, the corporation shall investigate, examine, experiment, and report on any subject of government. The actual expense of the investigation, examination, experimentation, and report shall be paid by the Government from appropriations available for that purpose. § 150105. Membership Eligibility for membership in the corporation and the rights and privileges of members are as provided in the bylaws. §150106. 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. § 150107. Powers The corporation has only the powers provided in its bylaws and articles of incorporation filed in each State in which it is incorporated. §150108. 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 member in an amount approved by the board of directors. (d) LOANS. — The corporation may not make a loan to a director, officer, or employee, (e) CLAIM OF GOVERNMENTAL APPROVAL OR AUTHORIZATION. — Except by agreement, the corporation may not claim congressional approval or the authority of the United States Government for any of its activities. § 150109. Duty to maintain corporate and tax-exempt status (a) CORPORATE STATUS.— The corporation shall maintain its status as a corporation incorporated under the laws of the District of Columbia.

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