§ 468c. — Powers and duties of National Trust.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 16USC468c]
TITLE 16--CONSERVATION
CHAPTER 1A--HISTORIC SITES, BUILDINGS, OBJECTS, AND ANTIQUITIES
SUBCHAPTER I--GENERAL PROVISIONS
Sec. 468c. Powers and duties of National Trust
To the extent necessary to enable it to carry out the functions
vested in it by sections 468 to 468d of this title, the National Trust
shall have the following general powers:
(a) To have succession until dissolved by Act of Congress, in which
event title to the properties of the National Trust, both real and
personal, shall, insofar as consistent with existing contractual
obligations and subject to all other legally enforceable claims or
demands by or against the National Trust, pass to and become vested in
the United States of America.
(b) To sue and be sued in its corporate name.
(c) To adopt, alter, and use a corporate seal which shall be
judicially noticed.
(d) To adopt a constitution and to make such bylaws, rules, and
regulations, not inconsistent with the laws of the United States or of
any State, as it deems necessary for the administration of its functions
under sections 468 to 468d of this title, including among other matter,
bylaws, rules, and regulations governing visitation to historic
properties, administration of corporate funds, and the organization and
procedure of the board of trustees.
(e) To accept, hold, and administer gifts and bequests of money,
securities, or other personal property of whatsoever character,
absolutely or on trust, for the purposes for which the National Trust is
created. Unless otherwise restricted by the terms of the gift or
bequest, the National Trust is authorized to sell, exchange, or
otherwise dispose of and to invest or reinvest in such investments as it
may determine from time to time the moneys, securities, or other
property given or bequeathed to it. The principal of such corporate
funds, together with the income therefrom and all other revenues
received by it from any source whatsoever, shall be placed in such
depositories as the National Trust shall determine and shall be subject
to expenditure by the National Trust for its corporate purposes.
(f) To acquire by gift, devise, purchase, or otherwise, absolutely
or on trust, and to hold and, unless otherwise restricted by the terms
of the gift or devise, to encumber, convey, or otherwise dispose of, any
real property, or any estate or interest therein (except property within
the exterior boundaries of national parks and national monuments), as
may be necessary and proper in carrying into effect the purposes of the
National Trust.
(g) To contract and make cooperative agreements with Federal, State,
or municipal departments or agencies, corporations, associations, or
individuals, under such terms and conditions as it deems advisable,
respecting the protection, preservation, maintenance, or operation of
any historic site, building, object, or property used in connection
therewith for public use, regardless of whether the National Trust has
acquired title to such properties, or any interest therein.
(h) To enter into contracts generally and to execute all instruments
necessary or appropriate to carry out its corporate purposes, which
instruments shall include such concession contracts, leases, or permits
for the use of lands, buildings, or other property deemed desirable
either to accommodate the public or to facilitate administration.
(i) To appoint and prescribe the duties of such officers, agents,
and employees as may be necessary to carry out its functions, and to fix
and pay such compensation to them for their services as the National
Trust may determine.
(j) And generally to do any and all lawful acts necessary or
appropriate to carry out the purposes for which the National Trust is
created.
(Oct. 26, 1949, ch. 755, Sec. 4, 63 Stat. 928.)
Section Referred to in Other Sections
This section is referred to in sections 468, 468d, 470a of this
title.
