36 USC 22502 – Purposes
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The purposes of the corporation are—
(1) to keep alive and develop the spirit that promoted world service;
(2) to maintain the ties of fellowship born of that service and to assist and further any patriotic work;
(3) to inculcate a sense of individual obligation to the community, State, and Nation;
(4) to work for the welfare of the Army and Navy;
(5) to assist, in any way in their power, men and women who served and were wounded or incapacitated in World War I; and
(6) to foster and promote friendship and understanding between America and the Allies in World War I.
Terms Used In 36 USC 22502
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- individual: shall include every infant member of the species homo sapiens who is born alive at any stage of development. See 1 USC 8
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- State: means a State, the District of Columbia, the Commonwealth of Puerto Rico, or any other territory or possession of the United States. See 1 USC 7