Page:United States Statutes at Large Volume 112 Part 2.djvu/522

 112 STAT. 1406 PUBLIC LAW 105-225—AUG. 12, 1998 (3) do any other act necessary to carry out this chapter. (b) POWERS AS TRUSTEE.—To carry out its purposes, the corporation has the usual powers of a corporation acting as a trustee in the District of Columbia, including the power— (1) to accept, receive, solicit, hold, administer, and use any gift, devise, or bequest, either absolutely or in trust, of property or any income from or other interest in property; (2) to acquire property or an interest in property by purchase or exchange; (3) unless otherwise required by an instrument of transfer, to sell, donate, lease, invest, or otherwise dispose of any property or income from property; (4) to borrow money and issue instruments of indebtedness; (5) to make contracts and other arrangements with public agencies and private organizations and persons and to make payments necessary to carry out its functions; (6) to sue and be sued; and (7) to do any other act necessary and proper to carry out the purposes of the corporation. (c) ENCUMBERED OR RESTRICTED GIFTS. —A gift, devise, or bequest may be accepted by the corporation even though it is encumbered, restricted, or subject to beneficial interests of private persons, if any current or future interest is for the benefit of the corporation. §151706. Principal office The principal office of the corporation shall be in the District of Columbia. However, the corporation may conduct business throughout the States, territories, and possessions of the United States. § 151707. Provision and acceptance of support by Librarian of Congress (a) PROVISION BY LIBRARIAN.— (1) The Librarian of Congress may provide personnel, facilities, and other administrative services to the corporation. Administrative services may include reimbursement of expenses under section 151703(f) of this title, at rates not exceeding the applicable per diem rates for the United States Government. (2) The corporation shall reimburse the Librarian for support provided under paragraph (1) of this subsection. Amounts reimbursed shall be deposited in the Treasury to the credit of the appropriations then current and chargeable for the cost of providing the support. (b) ACCEPTANCE BY LIBRARIAN. — The Librarian may accept, without regard to chapters 33 and 51 and subchapter III of chapter 53 of title 5 and related regulations, the services of the corporation and its directors, officers, and employees as volunteers in performing functions authorized under this chapter, without compensation from the Library of Congress. §151708. Service of process The corporation shall have a designated agent to receive service of process for the corporation. Notice to or service on the agent, or mailed to the business address of the agent, is notice to or service on the corporation.

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