Page:United States Statutes at Large Volume 112 Part 2.djvu/595

 PUBLIC LAW 105-225—AUG. 12, 1998 112 STAT. 1479 220702. Organization. 220703. Purposes. 220704. Membership. 220705. Governing body. 220706. Powers. 220707. Restrictions. 220708. Duty to maintain tax-exempt status. 220709. Records and inspection. 220710. Service of process. 220711. Liability for acts of officers and agents. 220712. Annual report. §220701. Definition For purposes of this chapter, "State" includes the District of Columbia and the territories and possessions of the United States. §220702. Organization (a) FEDERAL CHARTER. —United States Submarine Veterans of World War II (in this chapter, the "corporation"), a nonprofit corporation incorporated in New Jersey and Colorado, is a federally chartered corporation. (b) EXPIRATION OF CHARTER.—If the corporation does not comply with any provision of this chapter, the charter granted by this chapter expires. §220703. Purposes The purposes of the corporation are as provided in its articles of incorporation and include— (1) preserving and promoting patriotism and loyalty to the United States of America; (2) perpetuating and establishing memorials to the memory of shipmates who served aboard United States submarines and gave their lives in submarine warfare during World War II; (3) promoting the spirit and unity that existed among the United States Navy submarine crewmen during World War II; (4) fostering general public awareness of life aboard submarines during World War II, through securing, restoring, and displaying the submarines that were in service at that time; (5) sponsoring annual college scholarships; and (6) performing acts of charity as provided in the constitution and bylaws of the corporation. §220704. Membership 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. §220705. 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, §220706. Powers The corporation has only the powers provided in its bylaws and articles of incorporation filed in each State in which it is incorporated.

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