72 S T A T. ]
PUBLIC LAW 86-769-AUG. 27, 1958
(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 indebfedness therefor and secure the same by mortgage or pledge subject to applicable Federal or State laws; and (10) to do any and all acts necessary and proper to carry out the purposes of the corporation. P R I N C I P A L OFFICE; TERRITORIAL SCOPE OF ACTIVITIES; RESIDENT AGENT
SEC. 5. (a) The principal office of the corporation shall be located in Washington, District of Columbia, or in such other place as may later be determined by the board of directors but the activities of the corporation shall not be confined to that place and may be conducted throughout the various Territories and possessions of the United States. (b) The corporation shall have in the District of Columbia at all times a designated agent authorized to accept service and process for the corporation; and notice to or service upon such agent or mailed to the business address of such agent shall be deemed as service to or notice on the corporation. MEMBERSHIP RIGHTS
S E C 6. Any person who was enlisted, drafted, inducted, or commissioned in the Armed Forces of the United States and who, in the line of duty in such service, has sustained a substantial impairment of sight or vision, as such is defined from time to time by the bylaws of the corporation, shall be eligible for general membership in the corporation. In addition to the general membership, there shall be special classes of honorary and associate membership, qualification or eligibility for which, and rights and obligations of which, shall be as provided from time to time by the bylaws of the corporation. All persons who are members of any class of Blinded Veterans Association, Incorporated, on the effective date of this Act shall be members of such class of the corporation. GOVERNING BODY; C O M P O S I T I O N;
TENURE
S E C 7. (a) The number of directors shall be not less than three nor more than fifteen said directors shall be divided into a specified number of classes, each class holding office for a definite period of years, as shall be provided from time to time by the bylaws of the corporation, except that the directors of Blinded Veterans Association, Incorporated, on the effective date of this Act shall be the first directors of the corporation. (b) Any director of the corporation may be removed at any time for just and proper cause by a vote of a majority of a quorum of directors present at a meeting called for that purpose. (c) If a vacancy occurs in the office of director of the corporation, a majority of a quorum of the remaining directors present at a meeting duly called for that purpose may elect a director to fill such vacancy until the next amiual meeting of the corporation. (d) A majority of the directors shall be present at any meeting of directors in order to constitute a quorum and the votes of a majority of the directors so present shall be necessary for the transaction of any business. OFFICERS
S E C 8. (a) The corporation shall have such officers as may be provided for in the bylaws.
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