Page:United States Statutes at Large Volume 81.djvu/690

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PUBLIC LAW 90-209-DEC. 18, 1967

[81 STAT.

Public Law 90-209 December 18, 1967 [S. 814]

AN ACT To establish the National Park Foniulation.

Be it enacted by the Semite and House of RepretientativeH of the United States of America in Congress assembled, That in order to encourage private gifts of real and personal property or any income therefrom or other interest therein for the benefit of, or in connection with, the National Park Service, its activities, or its services, and thereby to further the conservation of natural, scenic, historic, scientific, educational, inspirational, or recreational resources for future generations of Americans,^there is hereby established a charitable and nonprofit corporation to be known as the National P a r k Foundation to accept and administer such gifts. Membership. SEC. 2. The National Park Foundation shall consist of a Board having as members the Secretary of the Interior, the Director of the National Park Service, ex officio, and no less than six private citizens of the United States appointed by the Secretary of the Interior whose initial terms shall be staggered to assure continuity of administration. Thereafter, the term shall be six years, unless a successor is chosen to fill a vacancy occurring prior to the expiration of the term for which his predecessor was chosen, in which event the successor shall be chosen only for the remainder of that term. The Secretary of the Interior shall be the Chairman of the Board and the Director of the National P a r k Service shall be the Secretary of the Board. Membership on the Board shall not be deemed to be an office within the meaning of the statutes of the United States. A majority of the members of the Board serving at any one time shall constitute a quorum for the transaction of business, and the Foundation shall have an official seal, which shall be judicially noticed. The Board shall meet at the call of the Chairman and there shall be at least one meeting each year. Travel e x p e n s e s, No compensation shall be paid to the members of the Board for reimbursement. their services as members, but they shall be reimbursed for actual and necessary traveling and subsistence expenses incurred by them in the performance of their duties as such members out of National P a r k Foundation funds available to the Board for such purposes. The Foundation shall succeed to all right, title, and interest of the National Park Trust F u n d Board established in any property or funds, including the National P a r k Trust Fund, subject to the terms and conditions Repeal. thereof. The National P a r k Trust Fund is hereby abolished, and the Act of July 10, 1935 (49 Stat. 477; 16 U.S.C. 19 et seq.), as amended, is hereby repealed. Gifts, b e q u e s t s, SEC. 3. The Foundation is authorized to accept, receive, solicit, hold, etc., acceptance. administer, and use any gifts, devises, or bequests, either absolutely or in trust of real or personal property or any income therefrom or other interest therein for the benefit of or in connection with, the Restriction. National Park Service, its activities, or its services: Provided, That the Foundation may not accept any such gift, devise, or bequest which entails any expenditure other than from the resources of the Foundation. An interest in the real property includes, among other things, easements or other rights for preservation, conservation, protection, or enhancement by and for the public of natural, scenic, historic, scientific, educational, inspirational, or recreational resources. A gift, devise, or bequest may be accepted by the Foundation even though it is encumbered, restricted, or subject to beneficial interests of private persons if any current or future interest therein is for the benefit of the National P a r k Service, its activities, or its services. Property or inSEC. 4. Except as otherwise required by the instrument of transfer, come; s a l e, inthe Foundation may sell, lease, invest, reinvest, retain, or otherwise vestment, e t c. National Park Foundation. Establishment.

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