Page:United States Statutes at Large Volume 112 Part 2.djvu/584

 112 STAT. 1468 PUBLIC LAW 105-225—AUG. 12, 1998 (1) amateur sports organizations recognized as national governing bodies under section 220521 of this title; (2) amateur athletes who are actively engaged in amateur athletic competition or who have represented the United States in international amateur athletic competition within the preceding 10 years; (3) amateur sports organizations that conduct a national program or regular national amateur athletic competition in 2 or more sports that are included on the program of the Olympic Games or the Pan-American Games on a level of proficiency appropriate for the selection of amateur athletes to represent the United States in international amateur athletic competition; and (4) individuals not affiliated or associated with any amateur sports organization who, in the corporation's judgment, represent the interests of the American public in the activities of the corporation. §220505. Powers (a) CONSTITUTION AND BYLAWS.—The corporation shall adopt a constitution and bylaws. The corporation may amend its constitution only if the corporation— (1) publishes, in its principal publication, a notice of the proposed amendment, including— (A) the substantive terms of the amendment; (B) the time and place of the corporation's regular meeting at which adoption of the amendment is to be decided; and (C) a provision informing interested persons that they may submit materials as authorized in clause (2) of this subsection; and (2) gives all interested persons an opportunity to submit written comments and information for at least 60 days after publication of notice of the proposed amendment and before adoption of the amendment. (b) GENERAL CORPORATE POWERS. —The corporation may— (1) adopt and alter a corporate seal; (2) establish and maintain offices to conduct the affairs of the corporation; (3) make contracts; (4) accept gifts, legacies, and devises in furtherance of its corporate purposes; (5) acquire, own, lease, encumber, and transfer property as necessary to carry out the purposes of the corporation; (6) borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property; (7) publish a magazine, newspaper, and other publications consistent with its corporate purposes; (8) approve and revoke membership in the corporation; (9) sue and be sued; and (10) do any other act necessary and proper to carry out the purposes of the corporation. (c) POWERS RELATED TO AMATEUR ATHLETICS AND THE OLYMPIC GAMES.— The corporation may—

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