Page:United States Statutes at Large Volume 76.djvu/316

 268

PUBLIC LAW 87-569-AUG. 6, 1962

[76 STAT.

(c) to have a corporate seal which may be altered at pleasure and to use the same by causing it, or a facsimile thereof, to be impressed or affixed or in any other manner reproduced; (d) to purchase, take, receive, lease, take by gift, devise or bequest, or otherwise acquire, own, hold, improve, use, and otherwise deal in and with, real or personal property, or any interest therein, wherever situated; (e) to sell, convey, mortgage, pledge, lease, exchange, transfer, and otherwise dispose of all or any part of its property and assets; (f) to lend money to and otherwise assist its employees other than its officers and directors; (g) to purchase, take, receive, subscribe for, or otherwise acquire, own, hold, vote, use, employ^ sell, mortgage, loan, pledge, or otherwise dispose of, and otherwise use and deal in and with, shares or other interests in, or obligations of, other domestic or foreign corporations, whether for profit or not for profit, associations, partnerships, or individuals, or direct or indirect obligations of the United States, or of any other government. State, territory, governmental district, or municipality or of any instrumentality thereof; (h) to make contracts and incur liabilities, borrow money at such rates of interest as the corporation "may determine, issue its notes, bonds, and other obligations, and secure any of its obligations by mortgage or pledge of all or any of its property, franchises and income; (i) to lend money for its corporate purposes, invest and reinvest its funds, and take and hold real and personal property as security for the payment of funds so loaned or invested; (j) to conduct its affairs, carry on its operations, hold property, and have offices and exercise the powers granted by this Act m any part of the world; (k) to elect or appoint officers and agents of the corporation, and define their duties and fix their.compensation; (1) to make and alter bylaws, not inconsistent with its articles of incorporation or with the laws of the District of Columbia, for the administration and regulation of the affairs of the corporation; (m) unless otherwise provided in the articles of incorporation, to make donations for the public welfare or for religious, charitable, scientific research, or educational purposes, or for other purposes for which the corporation is organized; (n) to indemnify any director or officer or former director or officer of the corporation, or any person who may have served at its request as a director or officer of another corporation, whether for profit or not for profit, against expenses actually and necessarily incurred by him in connection with the defense of any action, suit, or proceeding in which he is made a party by reason of being or having been such director or officer, except in relation to matters as to which he shall be adjudged in such action, suit, or proceeding to be liable for negligence or misconduct in the performance of a duty. Such indemnification shall not be deemed exclusive of any other rights to which such director or officer may be entitled, uncfer any bylaw, agreement, vote of board of directors or members, or otherwise; (o) to cease its corporate activities and surrender its corporate franchise; (p) to have and exercise all powers necessary or convenient to effect any or all of the purposes for which the corporation is organized.

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