{"identifier":"/us/usc/t36/s152305","title":36,"num":"\u00a7\u202f152305.","heading":"Powers","text":"\u00a7\u202f152305.\nPowers\nThe corporation may\u2014\n(1) adopt and amend a constitution and bylaws for the management of its property and the regulation of its affairs;\n(2) adopt and alter a corporate seal;\n(3) choose officers, managers, employees, and agents as the activities of the corporation require;\n(4) make contracts;\n(5) publish a bulletin, magazine, and other publications;\n(6) acquire, own, lease, encumber, and transfer property as necessary to carry out the purposes of the corporation;\n(7) borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;\n(8) use corporate funds to give prizes, awards, loans, scholarships, and grants to deserving composers, conductors, and others for the purposes stated in\nsection 152302 of this title\n(9) sue and be sued; and\n(10) do any other act necessary and proper to carry out the purposes of the corporation.","url":"https://projectusc.org/usc/t36/s152305.html","content":[{"t":"sec","id":"/us/usc/t36/s152305","children":[{"t":"num","text":"\u00a7\u202f152305."},{"t":"heading","text":"Powers","tail":"\n"},{"t":"chapeau","text":"The corporation may\u2014"},{"t":"para","id":"/us/usc/t36/s152305/1","children":[{"t":"num","text":"(1)"},{"t":"content","text":" adopt and amend a constitution and bylaws for the management of its property and the regulation of its affairs;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t36/s152305/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" adopt and alter a corporate seal;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t36/s152305/3","children":[{"t":"num","text":"(3)"},{"t":"content","text":" choose officers, managers, employees, and agents as the activities of the corporation require;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t36/s152305/4","children":[{"t":"num","text":"(4)"},{"t":"content","text":" make contracts;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t36/s152305/5","children":[{"t":"num","text":"(5)"},{"t":"content","text":" publish a bulletin, magazine, and other publications;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t36/s152305/6","children":[{"t":"num","text":"(6)"},{"t":"content","text":" acquire, own, lease, encumber, and transfer property as necessary to carry out the purposes of the corporation;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t36/s152305/7","children":[{"t":"num","text":"(7)"},{"t":"content","text":" borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t36/s152305/8","children":[{"t":"num","text":"(8)"},{"t":"content","text":" use corporate funds to give prizes, awards, loans, scholarships, and grants to deserving composers, conductors, and others for the purposes stated in ","children":[{"t":"ref","text":"section 152302 of this title","href":"/us/usc/t36/s152302","tail":" and for other purposes the board of directors considers proper;"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t36/s152305/9","children":[{"t":"num","text":"(9)"},{"t":"content","text":" sue and be sued; and","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t36/s152305/10","children":[{"t":"num","text":"(10)"},{"t":"content","text":" do any other act necessary and proper to carry out the purposes of the corporation.","tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}