Page:United States Statutes at Large Volume 72 Part 1.djvu/1783

 72 S T A T. ]

PUBLIC LAW 8 5 - 9 0 4 - S E P T. 2, 1958

1741

AUDIT OF FINANCIAL TRANSACTIONS

SEC. 13. (a) The financial transactions shall be audited annually, at the end of the fiscal year established by the corporation, by an independent certified public accountant in accordance with the principles and procedures applicable to commercial corporate transactions. The audit shall be conducted at the place or places where the accounts of the corporation are normally kept. All books, accounts, financial records, reports, files, and all other papers, things, or property belonging to or in use by the corporation and necessary to facilitate the audit shall be made available to the person or persons conducting the audit; and full facilities for verifying transactions with the balances or securities held by depositories, fiscal agents, and custodians shall be afforded to such person or persons. (b) A report of such audit shall be made by the corporation to the Congress not later than six months following the close of such fiscal year for which the audit is made. The report shall set forth the scope of the audit and shall include verification by the person or persons conducting the audit of statements of (1) assets and liabilities, (2) capital and surplus or deficit, (3) surplus or deficit analysis, (4) income and expense, and (5) sources and application of funds. Such report shall not be printed as a public document.

Report to Congress.

USE OF ASSETS ON DISSOLUTION OR LIQUIDATION

SEC. 14. Upon final dissolution or liquidation of the corporation, and after discharge or satisfaction of all outstanding obligations and liabilities, the remaining assets of the corporation may be distributed in accordance with the determination of the board of directors of the corporation and in compliance with the constitution and bylaws of the corporation and all Federal and State laws applicable thereto. Nothing in this section shall be construed so as to permit any such assets being distributed to any officer or employee or inuring to the benefit of any private person. TRANSFER OF ASSETS

SEC. 15. The corporation may acquire the assets of the Jewish W a r Veterans, U. S. A., National Memorial, Incorporated, a body corporate organized under the laws of the District of Columbia, upon discharging or satisfactorily providing for the payment and discharge of all of the liabilities of such corporation and upon complying with all the laws of the District of Columbia applicable thereto. RESERVATION or RIGHT TO AMEND OR REPEAL CHARTER

SEC. 16. The right to alter, amend, or repeal this Act is expressly reserved. Approved September 2, 1958.

Public Law 85-904 JOINT RESOLUTION

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September 2, 1958 Designating the week of November 21-27, 1958, as National Farm-City Week. [H. J. Res. 546]

Re-HoTved by the Senate and House of Representatives of the United States of Amsrica in Congress assembled, That the week of November National F arm21-27, 1958, be designated as National Farm-City Week, in r e c o ^ i t i o n DeJilnaUonf*' of the contribution American farm families have made to our civilization and in order to promote better public understanding of the needs,

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