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AUDIT OF FINANCIAL TRANSACTIONS; REPORT TO CONGRESS
SEC. 14.(a) The financial transactions of the corporation
shall be audited annually by an independent certified 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.
USE OF ASSETS UPON DISSOLUTION OR LIQUIDATION
SEC. 15. 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
shall be transferred to the Veterans Administration to be applied
to the care and comfort of blinded veterans.
TRANSFER OF ASSETS FROM PRIOR CORPORATION
SEC. 16. The corporation may acquire the assets
of the Blinded Veterans Association, Incorporated, a body corporate
organized under the laws of the state of New York, upon discharge
or satisfactorily providing for the payment and discharge of all
of the liabilities of such State corporation and upon complying
with all the laws of the State of New York applicable thereto.
EXCLUSIVE RIGHT TO NAME; CORPORATE SEALS, EMBLEMS
AND BADGES
SEC. 17. The corporation and its duly authorized
regional groups and other local subdivisions shall have the sole
and exclusive right to have and use in carrying out its purposes
the name Blinded veterans Association and such seals, emblems,
and badges as the corporation may lawfully adopt.
RESERVATION OF RIGHT TO AMEND OR REPEAL CHARTER
SEC. 18. The right to alter, amend, or repeal this
Act is expressly reserved.
Approved August 27, 1958
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