112 STAT. 1460 PUBLIC LAW 105-225 —AUG. 12, 1998 (1) nine individuals designated by the President; and (2) representatives of the civilian organizations listed in section 220102(4) of this title, and of the public at large, as provided in the bylaws. §220104. Governing body (a) BOARD OF GOVERNORS. — (1) The board of governors is the governing body of the corporation. The board is responsible for the general policies and program of the corporation and for the control of the affairs and property of the corporation. (2) The board shall be elected by the members of the corporation for the term and in the classes provided in the bylaws of the corporation. The board includes— (A) six members appointed by the President; (B) the Secretary of State or the Secretary's designee; and (C) representatives of the civilian organizations listed in section 220102(4) of this title, and of the public at large, as provided in the bylaws. (3) The corporation may have other governing bodies or committees as provided in the bylaws. (b) OFFICERS.— (1) The office of honorary chairman of the corporation shall be offered to the President. On acceptance, the honorary chairman shall be invited to preside at meetings of the corporation that the honorary chairman deems appropriate and convenient. (2) The corporation may have other officers as provided in the bylaws. §220105. Powers The corporation has all the powers necessary and proper to carry out the purposes stated in section 220102 of this title, including the power— (1) to adopt and amend bylaws and regulations for the management of its property and the regulation of its affairs; (2) to adopt and alter a corporate seal; (3) to adopt and alter emblems and marks; (4) to establish and maintain offices to conduct the affairs of the corporation; (5) to choose officers, representatives, and agents as the activities of the corporation require; (6) to make contracts; (7) to acquire, own, lease, encumber, and transfer property as necessary or convenient to carry out the purposes of the corporation; (8) to borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property; (9) to publish a magazine, newspaper, and other publications; (10) to establish, regulate, and terminate councils, organizations, chapters, or affiliates as needed to carry out the purposes stated in section 220102 of this title; (11) to solicit funds; (12) to sue and be sued; and (13) to do any other act necessary and proper to carry out the purposes stated in section 220102 of this title.
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