TITLE 36 - US CODE - CHAPTER 2101 - THEODORE ROOSEVELT ASSOCIATION

36 USC 210101 - Organization

(a) Federal Charter.—
Theodore Roosevelt Association (in this chapter, the corporation) is a body corporate and politic in the District of Columbia.

(b) Perpetual Existence.—
Except as otherwise provided, the corporation has perpetual existence.

36 USC 210102 - Purposes

The purposes of the corporation are

(1) to perpetuate the memory of Theodore Roosevelt for the benefit of the people of the United States and the world; and

(2) to solicit, receive, hold, and maintain funds, and to apply the principal of the funds and the income from those funds to the following objects, among others:

(A) the erection and maintenance of a suitable and adequate monumental memorial in the District of Columbia to the memory of Theodore Roosevelt;

(B) the acquisition, development, and maintenance of a public park in memory of Theodore Roosevelt in Oyster Bay, New York;

(C) the establishment and maintenance of an endowment fund to promote the development and application 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.

36 USC 210103 - Membership

Eligibility for membership in the corporation is as provided in regulations adopted by the board of trustees.

36 USC 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.

36 USC 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.

36 USC 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.

36 USC 210107 - Nonapplication of audit requirements

The audit requirements of section 10101 of this title do not apply to the corporation.