Page:United States Statutes at Large Volume 52.djvu/114

 52 STAT.] 75TH CONG., 3 D SESS.-CHl. 30 -FEB. 16, 1938 (c) The Directors of the Corporation appointed as hereinbefore provided shall receive no additional compensation for their services as such directors but may be allowed actual necessary traveling and subsistence expenses when engaged in business of the Corporation outside of the District of Columbia. (d) The Board shall select, subject to the approval of the Secre- tary of Agriculture, a manager, who shall be the executive officer of the Corporation with such power and authority as may be con- ferred upon him by the Board. GENERAL POWERS SEC. 506. The Corporation- (a) shall have succession in its corporate name; (b) may adopt, alter, and use a corporate seal, which shall be judicially noticed; (c) may make contracts and purchase or lease and hold such real and personal property as it deems necessary or convenient in the transaction of its business, and may dispose of such property held by it upon such terms as it deems appropriate; (d) subject to the provisions of section 508 (c), may sue and be sued in its corporate name in any court of competent jurisdiction, State or Federal: Provided, That no attachment, injunction, garnish- ment, or other similar process, mesne or final, shall be issued against the Corporation or its property; (e) may adopt, amend, and repeal bylaws, rules, and regulations governing the manner in which its business may be conducted and the powers granted to it by law may be exercised and enjoyed; (f) shall be entitled to the free use of the United States mails in the same manner as the other executive agencies of the Government; (g) with the consent of any board, commission, independent estab- lishment, or executive department of the Government, including any field service thereof, may avail itself of the use of information, services, facilities, officials, and employees thereof in carrying out the provisions of this title; (h) may conduct researches, surveys, and investigations relating to crop insurance for wheat and other agricultural commodities; (i) shall determine the character and necessity for its expenditures under this title and the manner in which they shall be incurred, allowed, and paid, without regard to the provisions of any other laws governing the expenditure of public funds and such determinations shall be final and conclusive upon all other officers of the Govern- ment; and (j) shall have such powers as may be necessary or appropriate for the exercise of the powers herein specifically conferred upon the Corporation and all such incidental powers as are customary in corporations generally. PERSONNEL SEC. 507. (a) The Secretary shall appoint such officers and employ- ees as may be necessary for the transaction of the business of the Corporation, which appointments may be made without regard to the civil-service laws and regulations, fix their compensation in accordance with the provisions of the Classification Act of 1923, as amended, define their authority and duties, delegate to them such of the powers vested in the Corporation as he may determine, require bond of such of them as he may designate, and fix the penalties and pay the premiums of such bonds. The appointment of officials and the selection of employees by the Secretary shall be made only on the basis of merit and efficiency. 73 Compensation, ex- penses. Manager. General powers. Corporate name. Seal. Contracts, property holdings, etc. May sue and be sued. Post, p. 74. Proviso. Attachments, junctions, etc. in- Bylaws, rules, etc. Franking privilege. Use of facilities, etc., of Government agen- cies. Researches, sur- veys, etc. Expenditures. Powers customary in corporations. Personnel. Appointment with- out regard to civil- service laws. Compensation ac- cording to Classifica- tion Act. 5 .S. C. §§661674; Supp. III, §§ 673, 673c. Appointmentsbased on merit.

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