Page:United States Statutes at Large Volume 63 Part 3.djvu/262

 2566 Powers of the Foun. dation. 60 Stat. 754. 50U.8.0. app. i 1641 (b). INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [63 STAT. Hawaii, Alaska (including the Aleutian Islands), Puerto Rico, and the Virgin Islands and whose attendance will not deprive citizens of the United States of America of an opportunity to attend such schools and institutions. Article 2 In furtherance of the aforementioned purposes, the Found- ation may, subject to the provisions of Article 10 of the present Agreement, exercise all powers necessary to the carry- ing out of the purposes of the present Agreement including the following: (1) Receive funds. (2) Open and operate bank accounts in the name of the Foundation in a depository or depositories to be design- ated 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 or 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 real 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 amended, and the purposes of this Agreement.

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