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(8) to borrow money for the purposes of the corporation, issue bonds therefor, and secure the same by mortgage, subject to all applicable provisions of Federal or State law;

(9) to use the corporate funds to give prizes, awards, loans, scholarships and grants to deserving students for the purposes set forth in section 3;

(10) to publish a magazine and other publications; and

(11) to do any and all acts and things necessary and proper to carry out the objects and purposes of the corporation. Sec. 5. The activities of the corporation may be conducted throughout the various States, Territories, and possessions of the United States. The corporation shall maintain at all times in the District of Columbia a designated agent authorized to accept service of process for the corporation, such designation to be filed in the office of the clerk of the United States District Court for the District of Columbia. Notice to or service upon such agent, or mailed to the business address of such agent, shall be deemed sufficient notice or service upon the corporation. The principal office of the corporation shall be estabJished at such place as the board of directors deems appropriate.

Sec. 6. Eligibility for membership in the corporation and the rights and privileges of members shall, except as provided in this Act, be determined according to the constitution and bylaws of the corporation. In the conduct of the official business of the corporation each member shall have one vote,

Sec. 7. The corporation shall be governed by a board of directors composed of not less than fifteen members of the corporation who shall be elected annually to serve on such board by the members of the corporation.

Sec. 8. The officers of the corporation shall consist of a chairman of the board, a president, one or more vice presidents, a secretary, a treasurer, and such assistant officers as the board of directors shall designate. The officers shall perform such duties and have such powers as the bylaws and the board of directors may from time to time prescribe.

Sec. 9. (a) No part of the income or assets of the corporation shall inure to any member, officer, or director, or be distributable to any such person except upon dissolution and final liquidation of the corporation as provided in section 15 of this Act.

(b) The corporation shall not make loans to its officers, directors, or employees. Any director who votes for or assents to the making of a loan to any officer, director, or employee of the corporation, and any officer who participates in the making of such a loan shall be jointly and severally liable to the corporation for the amount of such loan until the repayment thereof.

Sec. 10. The corporation and its members, officers, and directors, as such, shall not contribute to or otherwise support or assist any political party or candidate for elective public office.

Sec. 11. The corporation shall be liable for the acts of its officers and agents when acting within the scope of their authority.

Sec. 12. The corporation shall have no power to issue any shares of stock or to declare or pay any dividends, or to engage in business for pecuniary profit.

Sec. 13. The corporation shall keep correct and complete books and records of account and shall also keep minutes of the proceedings of its members, the board of directors, and committees having any authority under the board of directors, and it shall also keep a record of the names and addresses of its members entitled to vote. All books and records of the corporation may be inspected by any member or his agent or attorney, at any reasonable time.

Asset se

Loans.

Political support, eto.

Liability.

Business for profit, eto.

Records.

Sec. 14. (a) The financial transactions shall be audited annually Audit. by an independent certified public accountant in accordance with the principles and procedures applicable to commercial corporate transactions. The audit shall be conducted at the place or places where the accounts of the corporation are normally kept. All books, accounts, financial records, reports, files, and all other papers, things, or property belonging to or in use by the corporation and necessary to facilitate the audit shall be made available to the person or persons conducting the audit; and full facilities for verifying transactions with the balances or securities held by depositors, fiscal agents, and custodians shall be afforded to such person or persons,

(b) A report of such audit shall be made by the corporation to Report to Congress not later than May 15 of each year. The report shall set Congress. forth the scope of the audit and shall include a verification by the person or persons conducting the audit of statements of (1) assets and liabilities, (2) capital and surplus or deficit, (3) surplus or deficit 68 Stat, 491. analysis, (4) income and expense, and (5) sources and application of 68 Stat. 492, funds. Such reports shall not be printed as public documents.

Sec. 15. Upon final dissolution or liquidation of the corporation and liquidation, after the discharge or satisfaction of all outstanding obligations and liabilities, the remaining assets of the corporation shall be used by the board of directors for the purposes stated in section 3 above or be transferred to some recognized educational foundation.

Sec. 16. The corporation shall have the sole and exclusive right to Use of name. use the name of Board for Fundamental Education as representing such corporation and such seals, emblems, and badges as the corpo ration may lawfully adopt.

Sec. 17. As a condition precedent to the exercise of any power or Agents. privilege granted to the corporation under this Act, the corporation shall file in the office of the Secretary of State, or similar office, in each State and in each Territory or possession of the United States in which the corporation is doing business, the name and post office address of an authorized agent in such State, Territory, or possession upon whom legal process or demand against the corporation may be served.

Sec. 18. The right to alter, amend, or repeal this Act is hereby expressly reserved.

Approved July 19, 1954.

Chapter 575 - 2d Session

H. R. 7601

AN ACT

All 68 Stat, 532.
To provide for a White House Conference on Education.

Be it enacted by the Senate and Ilouse of Representatives of the United States of America in Congress assembled, That appropriations white House Core are hereby authorized, as set forth in sections 2 and 3, to enable the ferenoo on President to hold in the city of Washington, District of Columbia, Education. before November 30, 1955, a conference broadly representative of educators and other interested citizens from all parts of the Nation, to be called the White House Conference on Education, to consider and report to the President on significant and pressing problems in the field of education.

GRANTS FOR STATE CONFERENCES OX EDUCATION

Sec. 2. (a) To assist each State to bring together, prior to the White House Conference on Education, educators and other interested citizens to discuss educational problems in the State and make recommendations for appropriate action to be taken at local, State, and Federal levels, there is hereby authorized to be appropriated the sum of $1,000,000. Sums appropriated pursuant to this section shall be allotted to the States on the basis of their respective populations according to the latest figures certified by the Department of Commerce, except that no State's allotment shall be less than $15,000.

(b) The Commissioner of Education shall pay, through the disbursing facilities of the Treasury Department, its allotment to each State which, through its Governor or other State official designated by the Governor, undertakes to accept and use the sums so paid exclusively for the purpose set forth in subsection (a), and to make a report of the Report. findings and recommendations of the State conference for use of the White House Conference on Education. Sums appropriated pur- Availability. suant to this section shall remain available until December 31, 1935, and any such sums remaining unpaid to the States or unobligated by them as of that date shall be returned to the Treasury.

FEDERAL ADMINISTRATIVE EXPENSES

Sec. 3. There are also authorized to be appropriated to the Commis- Commissioner of sioner of Education for the fiscal years ending June 30, 1955, and Eduoation, June 30, 1956, such sums as Congress determines to be necessary for the administration of this Act, including the expenses of the Office of Education in making available to the public the findings and recommendations of the conference. The Commissioner of Education is Donations. also authorized to accept funds, equipment, and facilities donated for purposes of the conference and to use the same in accordance with such purposes.

DEFINITION OF STATE
Sec. 4. For the purpose of this Act the term “State" includes the
District of Columbia, Alaska, Hawaii, Puerto Rico, and the Virgin
Islands.
Approved July 26, 1954.

Chapter 576 - 2d Session

H. R. 9040

AN ACT

All 68 Stat. 533.

To authorize cooperative research in education.

Be it enacted by the Senate and Ilouse of Representatives of the United States of America in Congress assembled, That (a) in order Educational roto enable the Office of Education more effectively to accomplish the search. purposes and to perform the duties for which it was originally estab- Cooperativo arlished, the Commissioner of Education is authorized to enter into con- rangements, eto. tracts or jointly financed cooperative arrangements with universities and colleges and State educational agencies for the conduct of research, surveys, and demonstrations in the field of education.

(b) No contract or jointly financed cooperative arrangement shall Advice of be entered into under this section until the Commissioner of Education speoialists, has obtained the advice and recommendations of educational research specialists who are competent to evaluate the proposals as to the soundness of their design, the possibilities of securing productive results, the adequacy of resources to conduct the proposed research, surveys, or demonstrations, and their relationship to other similar educational research already completed or in process.

(c) The Commissioner of Education shall transmit to the Congress Report to annually a report concerning the research, surveys, and demonstra- Congress tions initiated under this Act, the recommendations made by research specialists pursuant to subsection (b), and any action taken with respect to such recommendations.

Sec. 2. There are hereby authorized to be appropriated annually to Appropriation, the Office of Education, Department of Health, Education, and Welfare, such sums as the Congress determines to be necessary to carry out the purposes of this Act.

Approved July 26, 1954.

(274)

Chapter 577 - 2d Session

H. R. 7434

AN ACT

To establish a National Advisory Committee on Education.

Be it enacted by the Senate and Ilouse of Representatives of the United States of America in Congress assembled, That, in order to National Advissecure for the Secretary of Health, Education, and Welfare (herein- ory Committee after referred to in this Act as the “Secretary") the advice of a group

on Education, of representative citizens on the initiation and conduct of studies of problems of national concern in the field of education and on appropriate action as a result thereof, there is hereby established in the Department of Health, Education, and Welfare al National Advisory Committee on Education (hereinafter referred to as the "Committee").

Sec. 2. The Committee shall be composed of nine members Member s. appointed without regard to civil-service laws by the Secretary from among individuals who are not otherwise in office under or in the employ of the Federal Government, a majority of whom shall be other than professional educators, one of whom shall be designated by the Secretary as Chairman. Each member shall hold office for a term 68 Stat. 533. of three years, except that (1) any member appointed to fill a vacancy 68 Stat. 534. occurring prior to the expiration of the term for which his predecessor was appointed, shall be appointed for the remainder of such term, and (2) the terms of the members first taking office shall expire as follows: three shall expire with the close of the first calendar year which begins after the enactment of this Act, three shall expire with the close of the second such calendar year, and three shall expire with the close of the third such calendar year, its designated by the Secretary at the time of appointment. The Commissioner of Education shall be, ex Commissioner officio, a nonvoting member of the Committee.

of Eduoation, Sec. 3. The Committee shall meet at the call of the Secretary, but Meetings. not less often than three times each calendar year.

Sec. 4. The Committee shall, from time to time, recommend to the Recommendations. Secretary the initiation of studies of national concern in the field of education. Consultants may be appointed without regard to civil- Consultants. service laws to assist in the conduct of such studies. The Committee shall propose to the Secretary appropriate action indicated by such studies and shall also, from time to time, advise the Secretary on the progress being made in carrying out its recommendations. The Report to Secretary shall transmit to the Congress annually a report concerning Congresso the studies initiated under this Act, the recommendations made by the Committee, and any action taken with respect to such recommendations.

Sec. 5. Members of the Committee shall receive no compensation Per diem payfor their services, but while traveling to or from or attending meetings ments. of the Committee shall be paid travel expenses, including per diem in lieu of subsistence, as authorized by law 15 U. S. C. 73b-2) for persons 60 Stat. 808. in the Government service employed intermittently.

Approved July 26, 1954.

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