The corporation may—
(1) adopt and amend bylaws and regulations for the management of its property and the regulation of its affairs, including the establishment and maintenance of local chapters and State associations of chapters;
(2) adopt and alter a corporate seal;
(3) adopt emblems and badges;
(4) choose officers, managers, agents, and employees as the activities of the corporation require;
(5) make contracts;
(6) acquire, own, lease, encumber, and transfer property as necessary or convenient to carry out the purposes of the corporation;
(7) borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;
(8) use corporate funds to give prizes, awards, loans, and grants to deserving students and young farmers to carry out the purposes of the corporation;
(9) publish a magazine and other publications;
(10) procure for and distribute to State associations, local chapters, and members all official Future Farmers of America supplies and equipment;
(11) sue and be sued; and
(12) do any other act necessary and proper to carry out the purposes of the corporation.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1357.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 70906 | 36:274. | Aug. 30, 1950, ch. 823, §§4, 19, 64 Stat. 564, 567. |
| 36:289. |
Sections: Previous 70707 70708 70901 70902 70903 70904 70905 70906 70907 70908 70909 70910 70911 70912 70913 Next
Last modified: October 26, 2015