Powers

§ 220505. Powers (a) Constitution and By laws.—The corporation shall adopt a constitution and bylaws. The corporation may amend its constitution only if the corporation— (1) publishes, in its principal publication, a notice of the proposed amendment, including— (A) the substantive terms of the amendment; (B) the time and place of the corporation’s regular meeting at which adoption of the amendment is to be decided; and (C) a provision informing interested persons that they may submit materials as authorized in clause (2) of this subsection; and (2) gives all interested persons an opportunity to submit written comments and information for at least 60 days after publication of notice of the proposed amendment and before adoption of the amendment. (b) General Corporate Powers.—The corporation may— (1) adopt and alter a corporate seal; (2) establish and maintain offices to conduct the affairs of the corporation; (3) make contracts; (4) accept gifts, legacies, and devises in furtherance of its corporate purposes; (5) acquire, own, lease, encumber, and transfer property as necessary to carry out the purposes of the corporation; (6) borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property; (7) publish a magazine, newspaper, and other publications consistent with its corporate purposes; (8) approve and revoke membership in the corporation; (9) sue and be sued; and (10) do any other act necessary and proper to carry out the purposes of the corporation. (c) Powers Related to Amateur Athletics and the Olympic Games.—The corporation may— 112 STAT. 1469 (1) serve as the coordinating body for amateur athletic activity in the United States directly related to international amateur athletic competition; (2) represent the United States as its national Olympic committee in relations with the International Olympic Committee and the Pan-American Sports Organization; (3) organize, finance, and control the representation of the United States in the competitions and events of the Olympic Games and of the Pan-American Games, and obtain, directly or by delegation to the appropriate national governing body, amateur representation for those games; (4) recognize eligible amateur sports organizations as national governing bodies for any sport that is included on the program of the Olympic Games or the Pan-American Games; (5) facilitate, through orderly and effective administrative procedures, the resolution of conflicts or disputes that involve any of its members and any amateur athlete, coach, trainer, manager, administrator, official, national governing body, or amateur sports organization and that arise in connection with their eligibility for and participation in the Olympic Games, the Pan-American world championship competition, or other protected competition as defined in the constitution and bylaws of the corporation; and (6) provide financial assistance to any organization or association, except a corporation organized for profit, in furtherance of the purposes of the corporation.