Public Law 62–106

That H. 0. Grandberg, of Oshkosh, Wisconsin; William A. Ashbrook, of Johnstown, Ohio; Henry Chapman, of Philadelphia; J. M. Henderson, of Columbus, Ohio; Howland Wood, Brookline Massachusetts, together with such persons as they may associate with themselves, and their successor’s, be, and they hereby are, constituted a body corporate of the District of Columbia.

Sec. 2.

That the name of such body corporate shall be “American

Name.

Numismatic Association,” and by that name it shall have succession of fifty years, save as hereinafter provided.

Sec. 3.

That the objects of the said corporation shall be to advance

Objects, etc.

the knowledge of numismatics along educational, historical, and scientific lines in all its various branches; to assist in bringing about better cooperation between all persons interested in the coinage, circulation, classification, collection, sales, exhibition, use, and preservation of all coins, bills, and medals; to acquire and disseminate trustworthy information bearing upon these topics; to promote greater popular interest in the science of numismatology, and for the particular purpose of bringing the numismatists of America into closer relations with one another, and of promoting friendly feeling for one another through social intercourse, the interchange of ideas and discussions of mutual interest; to acquire, own, hold, and dispose of such personal property and own real estate for its own use, as may be necessary to properly carry into effect the purposes herein set forth, and to perform all such other acts and things as may be necessary to the full carrying into effect the said purposes, but such purposes do not include operations for pecuniary profit.

Sec. 4.

That the principal office of said association shall be in the

Offices.

District of Columbia, but the association through its representatives shall have power to establish and maintain such other offices through-out America as the business of the association may require.

Sec. 5.

That the control of such corporation shall be vested in a

Board of governors.

board of five governors, to be elected by the members of such association. The incorporators hereof shall act as the board of governors for the first year and until others are chosen in their stead.

Sec. 6.

That the board of governors shall have the power to make

By-laws, etc.

such prudential by-laws and regulations as they may deem proper for the management and control of the business and affairs of the association not inconsistent with this Act or the laws of the United States of America.

Sec. 7.

That said association shall further have power to have and

Legal Status.

use a common seal and to alter and change the same at its pleasure; to sue and be sued in any court of the United States or other court of competent jurisdiction; to take or receive for the purposes of the association any gift, grant, or devise, and to accept and administer any trust for the purposes of the association.

Sec. 8.

That this Act shall be subject to alteration, amendment, or

Amendment.

repeal at the pleasure of the Congress of the United States.

Sec. 9.

That this Act shall take effect immediately on its passage.

In effect.