Collapse to view only § 154301. Organization
§ 154301. Organization
(a)Federal Charter.—Navy Club of the United States of America (in this chapter, the “corporation”) is a federally chartered corporation.
(b)Perpetual Existence.—Except as otherwise provided, the corporation has perpetual existence.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1434.)
§ 154302. Purposes
The purposes of the corporation are—
(1) to encourage, promote, and maintain comradeship among individuals who are or have been in the active service of the United States Navy, the United States Marine Corps, or the United States Coast Guard;
(2) to revere, honor, and perpetuate the memory of individuals described in paragraph (1) of this section who have departed this life;
(3) to promote and encourage further public interest in the United States Navy, the United States Marine Corps, and the United States Coast Guard, and the history of those organizations;
(4) to uphold the spirit and ideals of the United States Navy, the United States Marine Corps, and the United States Coast Guard;
(5) to promote the ideals of American freedom and democracy and to fit its members for the duties of citizenship and to encourage them to serve as ably as citizens as they have served the Nation under arms; and
(6) to maintain true allegiance to American institutions.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1434.)
§ 154303. Powers
The corporation may—
(1) adopt and amend bylaws;
(2) adopt and alter a corporate seal;
(3) appoint or elect officers and agents;
(4) choose a board of trustees, consisting of at least 5 but not more than 15 individuals, to conduct the business and exercise the powers of the corporation;
(5) establish and maintain offices to conduct its activities;
(6) acquire, own, lease, encumber, and transfer property as necessary or appropriate to carry out the purposes of the corporation;
(7) charge and collect membership dues and receive contributions of money or property to be devoted to carrying out the purposes of the corporation;
(8) sue and be sued; and
(9) do any other act necessary or appropriate to carry out the purposes of the corporation.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1434.)
§ 154304. Annual report
Not later than December 1 of each year, the corporation shall submit a report to Congress on the activities of the corporation during the prior calendar year. The report may not be printed as a public document.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1435.)