§ 22705. Powers

• (a) The corporation may—
  • (1) adopt bylaws and regulations for the management of its property and the regulation of its affairs;
  • (2) adopt seals, emblems, and badges;
  • (3) choose officers, representatives, and agents as necessary to carry out the purposes of the corporation;
  • (4) make contracts;
  • (5) establish State and regional organizations and local posts;
  • (6) acquire, own, lease, encumber, and transfer property as necessary to carry out the purposes of the corporation;
  • (7) borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;
  • (8) publish a magazine, newspaper, and other publications consistent with the purposes of the corporation;
  • (9) sue and be sued; and
  • (10) do any other act necessary and proper to carry out the purposes of the corporation.
• (b) The provisions, privileges, and prerogatives granted before July 24, 1947 , to other national veterans’ organizations because of their incorporation by Congress are granted to the corporation.