In subsection (a), the words “any shares of" are omitted as un

necessary.

In subsection (d), the words "or advance" are added in 2 places for consistency in the subsection.

The word "various" is omitted as unnecessary.

In this section, the word "records" is substituted for "books and records" for consistency in the revised title and with other titles of the United States Code.

In subsection (a)(2), the words "having any of the authority of the board of governors" are omitted as unnecessary.

The word "satisfaction" is omitted as included in "discharge", and the word "obligations" is omitted as included in "liabilities". The words "outstanding" and "all Federal and State laws applicable thereto" are omitted as unnecessary.

CHAPTER 203-AMERICAN ACADEMY OF ARTS AND

This section is substituted for the source provision for consistency in the revised title and to eliminate executed and unnecessary words.

The words "is to further" are substituted for "are and shall be the furtherance of" to eliminate unnecessary words.

The words "may have not more than" are substituted for "shall consist of not more than" for clarity and consistency.

In clause (1), the word "regulations" is substituted for "rules and regulations" to avoid redundancy.

In clause (2), the words "created by death, resignation, or otherwise" in 36:4203 are omitted as unnecessary.

In clause (4), the words "be, and the same is hereby, authorized and empowered to" in 36:4205 are omitted because of the word "may" restated before clause (1). The words "real and personal" and "and reinvest" are omitted as unnecessary. The words "to carry out the purpose of the corporation" are substituted for "for the purpose of furthering the interests of literature and the fine arts" for consistency.

Revised Section

20305

36:4204 (related to meeting). Apr. 17, 1916, ch. 77, §4 (related to meeting), 39 Stat.

51.

This section is added to except the American Academy of Arts and Letters from the application of section 10101 of the revised title, restating 36:1101-1103, which imposes audit requirements on certain federally chartered corporations. The Academy is not inIcluded in the list of corporations set out in 36:1101 to which the audit requirements apply.

This section is substituted for the source provision for consistency in the revised title and to eliminate executed and unnecessary words.

The text of 36:3207 is omitted as executed and obsolete.

Before clause (1), the word "may" is substituted for "shall have power to" in 36:3203 and "be, and the same is hereby, authorized and empowered to" in 36:3205 for consistency in the revised title and to eliminate unnecessary words.

In clause (1), the word "adopt" is substituted for "make" for consistency in the revised title. The word "regulations" is substituted for "rules, and regulations" to avoid redundancy. The words "its own organization" are omitted as included in "constitution, bylaws, and regulations".

In clause (2), the words "created by death, resignation, or otherwise" are omitted as unnecessary.

In clause (4), the words "by devise, bequest, donation, or otherwise, either real or personal" and "reinvest" are omitted as unnecessary. The words "use. to carry out the purposes of

38-955 97 – 2

poration" are substituted for "apply . . . to the objects of its creation" for clarity and consistency.

Clause (5) is substituted for "all other matters needful and useful to promote the objects of the society" for consistency in the revised title.

In subsection (a), the words "When requested by the Secretary of the Army, Air Force, or Navy, the corporation" are substituted for "The American Chemical Society shall, whenever called upon by the Army, Air Force, or Navy Department" because under 10:3013, 5013, and 8013 the Secretaries are the heads of the Departments. The Secretary of the Air Force is added because of section 207 of the National Security Act of 1947 (ch. 343, 61 Stat. 502).

In subsection (b), the words "shall be paid from amounts appropriated for those purposes" are substituted for "to be paid from appropriations which may have been made for that purpose by Congress" for clarity and to eliminate unnecessary words.

In subsection (c), the words "that the appropriate Secretary believes" are substituted for "that, in the opinion of the Secretary of the Navy, the Secretary of the Air Force, or the Secretary of the Army" to eliminate unnecessary words.

The words "proceedings and" are omitted as unnecessary.

CHAPTER 207—AMERICAN COUNCIL OF LEARNED

The words "the Commonwealth of Puerto Rico" are omitted as included in "the territories and possessions of the United States".

This section is substituted for the sources provision for consistency in the revised title and to eliminate executed and unnecessary words.

The word "objects" is omitted as included in "purposes". The words "and the corporation shall function as authorized by the laws of the State or States where it is incorporated" are omitted as unnecessary.

The words "and in conformity with the laws of the State or States in which it is incorporated" in 36:1906 and "and in conformity with the laws of the State or States wherein it is incorporated" in 36:1907 are omitted as unnecessary.

The words "(hereinafter referred to as the 'corporation')" and "and subject to the laws of such State or States" are omitted as unnecessary.