§ 21901. Organization

• (a) The American National Theater and Academy (in this chapter, the “corporation”) is a federally chartered corporation.
• (b) Except as otherwise provided, the corporation has perpetual existence.

§ 21902. Purposes

The purposes of the corporation include—

• (1) the presentation of theatrical productions of the highest type;
• (2) the stimulation of public interest in the drama as an art belonging both to the theater and to literature and to be enjoyed both on the stage and in the study;
• (3) the advancement of interest in the drama throughout the United States by furthering the production of the best plays, interpreted by the best actors at a minimum cost;
• (4) the further development of the study of drama of the present and past in our universities, colleges, schools, and elsewhere; and
• (5) the sponsoring, encouraging, and developing of the art and technique of the theater through a school within the National Academy.

§ 21903. Powers

The corporation may—

• (1) adopt a constitution, bylaws, and regulations;
• (2) adopt and alter a corporate seal;
• (3) establish and maintain offices and buildings to conduct its activities;
• (4) establish State and territorial organizations and local branches;
• (5) acquire, own, lease, encumber, and transfer property as necessary to carry out the purposes of the corporation, subject to its constitution and instructions of donors;
• (6) sue and be sued; and
• (7) do any other act necessary and proper to carry out the purposes of the corporation.

§ 21904. Exclusive right to name

The corporation and its State and local branches and subdivisions have the exclusive right to use the name “The American National Theater and Academy”.

§ 21905. Restrictions

• (a) The corporation shall be nonprofit and may not issue stock.
• (b) The corporation shall be nonpolitical and nonsectarian, and may not promote the candidacy of an individual seeking public office.
• (c) The corporation may not have honorary members.

§ 21906. Headquarters and meetings

The corporation may have its headquarters and hold its meetings at places the corporation decides are best.

§ 21907. Service of process

As a condition to the exercise of any power or privilege granted by this chapter, the corporation shall file, with the secretary of state or other designated official of the District of Columbia or of each State, territory, or possession of the United States in which its headquarters, branches, or subdivisions are located, the name and address of an agent in that jurisdiction on whom legal process or demands against the corporation may be served.

§ 21908. Annual report

Not later than January 1 of each year, the corporation shall submit a report to Congress on the activities of the corporation during the prior calendar year, including a complete report of its receipts and expenditures. The report may not be printed as a public document.