Chapter 282.
858 words·~4 min read·
/statutes-at-large/vol-36/chapter-282-5669732·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
CHAP. 282.— AN ACT To incorporate the National McKinley Birthplace Memorial Association. March 4, 1911.[[H.R. 32907](/us/bill/36/hr/32907).][[Public, No. 522](/us/bill/36/pl/522).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, District of Columbia.That the following-named persons, namely, J. G. Butler, junior, of Ohio; Myron T. Herrick, of Ohio; J. G. Sclunidlapp, of Ohio; Joint G. Milburn, of New York; and W.
A. Thomas, of Ohio, their associates and successors, duly chosen, the hereby incorporated and declared to be a body corporate of the District of Columbia by the name of the National McKinley Birthplace Memorial AssociationNational McKinley Birthplace Memorial Association., and by such name shall be known and have perpetual succession Incorporators.with the powers, limitations, and restrictions herein contained. Sec.2.That the objectObject.of the corporation shall be to perpetuate the naine and achievements of William McKinley, late President of the United States of America, by erecting and maintaining in the city of Niles, in the State of Ohio, the place of his birth, a monument and memorial building.
Sec.3.That the managementManagement.and direction of the affairs of the corporation and the control and disposition of its property and funds shall be vested in a board of trustees, five in number, to lie composed of the individuals named in section one of this Act, who shall constitute the first board of trustees. Vacancies caused by death, resignation, or otherwise, shall be filled by the remaining trustees in such manner as shall be prescribed from time to time by the by-laws of the corporation.
The persons so elected shall thereupon become trustees and also members of the corporation. Sec.4.That said corporation shall hold its meetingsMeetings.in such place as the incorporators or their successors shall determine. Sec.5.That the board of trusteesPowers of trustees.shall be entitled to take, hold, and administer any securities, funds, or property, real or personal, which may at any time be given, devised, or bequeathed to them or to the corporation for the purposes herein defined, and to purchase necessary lands for site and to sell and convey by good and sufficient deed any other lands that may be given, devised, or bequeathed to the corporation, and to convert the same into money; with full power from time to time to adopt a common seal, to appoint such officers and agents, whether members of the board of trustees or otherwise, as may be deemed necessary for carrying out the objects1362of the corporation; with full power to adopt by-laws and such rules or regulations as shall be deemed necessary to secure the safe and convenient transaction of the business of the corporation; and with full power and discretion to invest any principal and deal with and expend the income of the corporation in such manner as in the judgment of the trustees will best promote the objects hereinbefore set forth; and, in general, to have and use all the powers and authority necessary and proper to promote such objects anil carry out the purposes of the corporation.
The trustees shall have power to hold as investments any securities given, assigned, or transferred to them or to the corporation by any person, persons, or corporation, and to retain such investments, and to invest any sums or amounts from tune to time in such securities and in such form and manner as may be permitted to trustees or to charitable or literary corporations for investment according to the laws of the State of Ohio, or in such securities as may be authorized for investment by any deed of trust or by any act or deed of gift or last will and testament.
Sec.6.That all personal property and funds of the corporation held, or used for the purposes hereof, pursuant to the provisions of this Act, whether of principal or income, shall, so long as the same shall be so used, be exempt from taxationExemption from taxation.by the United States or any Territory or district thereof: *Provided,**Proviso.*That said corporation shall not accept, own or hold directly or indirectly any property real or personal except such as may be Restriction on property holding.reasonably necessary to carry out the purposes of its creation as defined in this Act.
Sec.7.That the services of the Expenses of trustees.trustees, when acting as such, shall be gratuitous, but the corporation may provide for the reasonable expenses incurred by the trustees in attending meetings or otherwise in the performance of their duties. • Sec.8.That this charterAcceptance of charter.shall take effect upon its being accepted by a majority vote of the incorporators named herein, who shall be present at the first meeting of the corporation, due notice of which meeting shall be given to each of the incorporators named herein, and a notice of such acceptance shall be given by said corporation causing a certificate to that effect signed by its president and secretary to be filed in the office of the recorder of deeds of the District of Columbia.
Sec.9.That Congress may from time to time Alterations, etc.alter, repeal, or modify this Act of incorporation, but no contract or individual right made or acquired shall thereby be divested or impaired. Approved, March 4, 1911.