Copyright term, film labeling, and film preservation legislation : hearings before the Subcommittee on Courts and Intellectual Property of the Committee on the Judiciary, House of Representatives, One Hundred Fourth Congress, first session, on H.R. 989, H.R. 1248, and H.R. 1734 ... June 1 and July 13, 1995 (1996)

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45 22 1 (2) to acquire by purchase or exchange any real 2 or personal property or interest therein; 3 (3) unless otherwise required by the instrument 4 of transfer, to sell, donate, lease, invest, reinvest, re 5 tain, or otherwise dispose of any property or income 6 therefrom; 7 (4) to borrow money and issue bonds, deben 8 tures, or other debt instruments; 9 (5) to sue and be sued, and complain and de 10 fend itself in any court of competent jurisdiction, ex 11 cept that the Directors of the Board shall not be 12 personally liable, except for gross negligence; 13 (6) to enter into contracts or other arrange 14 ments with public agencies and private organizations 15 and persons and to make such pajnnents as may be 16 necessary to carry out its functions; and 17 (7) to do any and all acts necessary and proper 18 to carry out the purposes of the Foundation. 19 A gift, devise, or bequest may be accepted by the Founda 20 tion even though it is encumbered, restricted, or subject 21 to beneficial interests of private persons, if any current 22 or future interest therein is for the benefit of the Founda 23 tion. •HR 1734 IH