112 STAT. 1456 PUBLIC LAW 105-225 —AUG. 12, 1998 of the policies and ideals of Theodore Roosevelt for the benefit of the American people; and (D) the donation of real and personal property, including part or all of its endowment fund, to a public agency for the purpose of preserving in public ownership historically significant property associated with the life of Theodore Roosevelt. §210103. Membership Eligibility for membership in the corporation is as provided in regulations adopted by the board of trustees. §210104. Governing body (a) BOARD OF TRUSTEES. —^A self-perpetuating board of trustees shall manage and direct the property and affairs of the corporation. (b) POWERS. —The board of trustees may adopt and amend a constitution, bylaws, and regulations for— (1) the selection of successor trustees; (2) the admission of members; (3) the election of officers; and (4) the conduct of the affairs of the corporation. §210105. Powers The corporation may— (1) adopt a constitution, bylaws, and regulations; (2) adopt and alter a corporate seal; (3) acquire and own property necessary to carry out the purposes of the corporation; (4) give and dedicate its property to public agencies and purposes; (5) maintain offices, hold meetings, and conduct business affairs in the District of Columbia and in the States, territories, and possessions of the United States; (6) sue and be sued within the jurisdiction of the United States; and (7) do any other act necessary and proper to carry out the purposes of the corporation. §210106. Restrictions (a) EXCLUSIVELY EDUCATIONAL PURPOSES.— The corporation shall be operated exclusively for educational purposes. (b) STOCKS AND DIVIDENDS.— The corporation may not issue stock or declare or pay a dividend. (c) DISTRIBUTIONS OF INCOME OR ASSETS.— The income or assets of the corporation may not inure to the benefit of any member or individual. § 210107. Nonapplication of audit requirements The audit requirements of section 10101 of this title do not apply to the corporation. CHAPTER 2103—369TH VETERANS' ASSOCIATION Sec. 210301. Definition. 210302. Organization. 210303. Purposes. 210304. Membership.
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