Page:United States Statutes at Large Volume 34 Part 1.djvu/837

 FIFTY—NINTH CONGRESS. Sess. I. Ch. 3929. 1906. 807 the compensation and the term of his office for a period not to exceed _ iour years. · Sec. 8. That the principal office of the said corporation shall be in Principal miice. the city of l/Vashington, District of Columbia: Provided, That the Primm. meetings of the corporation, its officers, committees, and departments, M€°u°gs' may be held, and that its business may be transacted and an office or offices may be maintained elsewhere within the United States, as may be determined by the board of directors, or otherwise, in accordance with the by-laws. Sec. 9. That the charter, constitution, and by—laws of the National a,N,{’·£g€,f,§g“°¤°i°¤· Educational Association shall continue in full force and effect until cmn-ter, cbnstituthe charter granted by this Act shall be accepted by such association §,°}‘,;,°Q§$‘{,{f,’_°°"°‘"“° - at the next annual meeting of the association, and until new by-laws shall be adopted, and that the present officers, directors, and trustees of said association shall continue to hold office and perform their res ective duties as such until the expiration of the terms for which lihey were severally elected or appointed, and until their successors are elected. Thatat such annual meeting the active members of the National chggggyfye °* M" Educational Association then present may organize and proceed to accepf the charter granted by this Act and adopt by- laws, to elect officers to succeed those whose terms have expired or are about to ex ire, and generally to or anize the “National Education Association of the United States," and gmt the board of trustees of the corporation hereby incorporated shall thereupon, if the charter granted by this Act be accepted, receive, Transfer of proper-ty. take over, and enter into possession, custody, and management of all property, real and personal, of the corporation heretofore known as the National Educational Association, incorporated as aforesaid under the Revised Statutes of the District of Columbia, and all its rights, contracts, claims, and property of every kind and nature whatsoever; and the several officers, directors, and trustees of such last-named association, or any other person having charge of any of the securities, funds, books, or property thereof, real or personal, shall on demand deliver the same to the proper omcers, directors, or trustees of the corporation hereby created: Provided, That a verified certificate exe- {;;<;2€¤é>(·cen,Bc8tE euted by the presiding officer and secretary of such annual meeting, ` showing the acceptance of the charter granted by this Act by the National Educational Association shall be legal evidence of the fact, when filed with the recorder of deeds of the District of Columbia: Andgyro/vz`dedfzz·2·the¢·, That in the event of the failure of the associa- rmne to accept tion to accept the charter granted by this Act at said annual meeting, °h“""· then the charter of the National Educational Association and its corporate existence shall be, and are hereby, extended until the thirty- mst day of July, nineteen hundred and eight, and at any time before said date its charter may be extended in the manner and form provided bv the general corporation law of the District of Columbia. `Sec. 10. That the rights of creditors of the said existing eerpem- Hgiggggtgé <=*¤<“*°¤ tion, known as the National Educational Association, shall not in any i manner be impaired by the passage of this Act, or the transfer of the property heretofore mentioned, nor shall any liability or obligation, or the payment of any sum due or to become due, or any claim or demand, in anyumanner, or for any cause existing agamst the said existing corporation, be released or impaired; and the corporation hereby incororated is declared to succeed to the obligations and liabilities, and to he held liable to pay and discharge all of the debts, liabilities, and contracts of the said corporation so existing, to the same effect as if such new corporation had itself incurred the obligation or liability to pay such debt or damages, and no action or proceeding before any court or tribunal shall be deemed to have abated or been discontinued by reason of this Act.