COMPLETION OF ORGANIZATION
SEC 2. A majority of the persons named in the first
section of the Act are authorized to complete the organization
of the corporation by the selection of officers and employees,
the adoption, amendment, and revision of a constitution and bylaws
not inconsistent with the provisions of this chapter and the doing
of such other acts as may be necessary for such purpose.
OBJECTS AND PURPOSES OF THE CORPORATION
SEC 3. The objects and purposes of the corporation
shall be as follows:
(1) To promote the welfare of blinded veterans so that, notwithstanding
their disabilities, they may take their rightful place in the
community and work with their fellow citizens toward creation
of a peaceful world.
(2) To preserve and strengthen a spirit of fellowship
among blinded veterans so that they may give mutual aid and assistance
to one another.
(3) To maintain and extend the institutions of American
freedom and to encourage loyalty to the Constitution and laws
of the United States and of the States in which they reside.
(4) To be organized and operated as a corporation
not for profit, no part of the income or assets of which shall
insure to the benefit of any of its members, directors, or officers,
nor be distributable thereto otherwise than upon dissolution or
final liquidation; and such corporation is organized and shall
be operated exclusively for charitable, educational, patriotic,
and civic improvement purposes.
POWERS OF THE CORPORATION
SEC.4. The corporation shall have power –
(1) to sue and be sued, complain and defend in any
court of competent jurisdiction;
(2) to adopt, alter, and use a corporate seal;
(3) to choose officers, managers and agents as the
business of the corporation may require;
(4) to charge and collect membership dues;
(5) to adopt, amend, apply, and alter a constitution
and bylaws not inconsistent with the laws of the United States
of America or any State in which the corporation is to operate,
for the management of its property and the regulation of its affairs;
(6) to contract and be contracted with;
(7) to take and hold by lease, gift, purchase grant,
devise, bequest or otherwise any property real, personal, or mixed,
necessary or convenient for attaining the objects of the corporation,
subject, however, to applicable provisions of law of any State,
(a) governing the amount or kind of real and personal property
which may be held by, or, (b) otherwise limiting or controlling
the ownership of real and personal property by, a corporation
operating in such State;
(8) to transfer, lease, or convey real or personal
property;
(9) to borrow money for the purposes of the corporation
and issue bonds or other evidences of indebtedness therefore and
secure the same by mortgage or pledge subject to applicable Federal
or State to do any and all acts necessary and proper to carry
out the purposes of the corporation
10) to do any and all acts necessary and proper
to carry out the purposes of the corporation.
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