Page:United States Statutes at Large Volume 112 Part 2.djvu/521

 PUBLIC LAW 105-225—AUG. 12, 1998 112 STAT. 1405 (3) A director is not an employee of the Library of Congress and appointment to the board does not constitute appointment as an officer or employee of the United States Government for the purpose of any law of the United States. (4) The terms of office of the directors are 4 years. An individual may not serve more than two consecutive terms. (5) A vacancy on the board shall be filled within 60 days in the manner in which the original appointment was made. (c) CHAIR. —The Librarian shall appoint one of the directors as the initial chair of the board for a 2-year term. Thereafter, the chair shall be appointed and removed in accordance with the bylaws of the corporation. (d) QUORUM.—A majority of the current membership of the board is a quorum. (e) MEETINGS. —The board shall meet at the call of the Librarian or the chair at least once each year. If a director misses three consecutive regularly scheduled meetings, the director may be removed from the board by the Librarian and that vacancy may be filled as provided in subsection (b) of this section. (f) COMPENSATION AND REIMBURSEMENT. —Directors serve without compensation but may be reimbursed for actual and necessary travel and subsistence expenses incurred in performing duties for the corporation. (g) LIABILITY OF DIRECTORS. — Directors are not personally liable, except for gross negligence. §151704. Officers and employees (a) SECRETARY OF THE BOARD.—(1) The Librarian of Congress shall appoint a Secretary of the Board to serve as executive director of the corporation. The Librarian may remove the Secretary. (2) The Secretary must be knowledgeable and experienced in matters relating to— (A) film preservation and restoration activities; (B) financial management; and (C) fundraising. (b) APPOINTMENT OF OFFICERS.—Except as provided in subsection (a) of this section, the board of directors appoints, removes, and replaces officers of the corporation. (c) APPOINTMENT OF EMPLOYEES. —Except as provided in subsection (a) of this section, the Secretary appoints, removes, and replaces employees of the corporation. (d) STATUS AND COMPENSATION OF EMPLOYEES.— Employees of the corporation (including the Secretary)— (1) are not employees of the Library of Congress; (2) shall be appointed and removed without regard to the provisions of title 5 governing appointments in the competitive service; and (3) may be paid without regard to chapter 51 and subchapter III of chapter 53 of title 5, except that an employee may not be paid more than the annual rate of basic pay for level GS-15 of the GJeneral Schedule under section 5107 of title 5. §151705. Powers (a) GENERAL. —The corporation may— (1) adopt a constitution and bylaws; (2) adopt a seal which shall be judicially noticed; and

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