Page:United States Statutes at Large Volume 62 Part 3.djvu/840

 62 STAT.] MULTILATERAL-U. S. EDUCATIONAL FOUNDATION-OCT. 8, 1948 3455 Article 2. Pour atteindre les objectifs dont il est question plus haut, la Fonda- tion peut, sous reserve des disposi- tions de l'article 10 du present ac- cord, exercer tous les pouvoirs ne- cessaires a la realisation des fins du present accord et notamment: (1) recevoir des fonds; (2) ouvrir et utiliser, au nom de la Fondation, des comptes au- pres d'une ou de plusieurs banques a designer par le Secretaire d'Etat des Etats- Unis d'Am6rique; (3) debourser des fonds et ac- corder des subventions et avances de fonds aux fins autorisees de la Fondation; (4) acqu6rir, d6tenir et disposer de biens au nom de la Fonda- tion lorsque le Conseil d'ad- ministration de la Fondation le juge necessaire ou desirable, Ala condition, cependant, que l'acquisition de biens immo- biliers soit prealablement ap- prouvee par le Secretaire d'Etat des Etats-Unis; (5) elaborer, adopter et executer des programmes en conformi- te avec les buts vises a la sec- tion 32 (b) de la loi des Etats- Unis sur les stocks exc6den- taires, 1944, amendee, et avec les buts du present accord; (6) recommander aupres du "Board of Foreign Scholar- ships" pr6vu a la loi des Etats- Unis sur les stocks exc6den- taires, 1944, amendee, des etudiants, des professeurs, des savants se livrant a des re- cherches scientifiques residant en Belgique, au Congo Beige, au Luxembourg, ainsi que des Article 2. In furtherance of the afore- Powers of Founda mentioned purpose, the Founda- tion may, subject to the provisions of Article 10 of the present agre- Pot,. 3459. ment, exercise all powers neces- sary to the carrying out of the purposes of the present agreement including the following: (1) Receive funds. (2) Open and operate bank ac- counts in the name of the Foundation in a depository or depositories to be desig- nated by the Secretary of State of the United States of America; (3) Disburse funds and make grants and advances of funds for the authorized purposes of the Foundation. (4) Acquire, hold, and dispose of property in the name of the Foundation as the Board of Directors of the Foundation may consider necessary or desirable, provided however, that the acquisition of any property shall be subject to the prior approval of the Secretary of State of the United States of America. (5) Plan, adopt, and carry out programs in accordance with the purposes of Section 32 (b) of the United States Surplus Property Act of 1944, as eostat. 7y. 50 U. 8S. C. app. amended, and the purposes of 164 (b). the present agreement. (6) Recommend to the Board of Foreign Scholarships provided for in the United States Sur- plus Property Act of 1944, as 60 Stat. 754. 50U.S.C.app. amended, students, professors, 1 641 (b). research scholars, resident in Belgium, the Belgian Congo, and Luxembourg, and institu- tions of Belgium, the Belgian Congo, and Luxembourg qual-

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