of this title contained provisions relating to the Institute of Inter-American Affairs. The Institute was created pursuant to act Aug. 5, 1947, ch. 498, 61 Stat. 780
. Section 3 of such act, as amended, provided that the Institute was to have succession until June 30, 1960. See Codification note set out under section
of this title.
, acts Aug. 26, 1954, ch. 937, title V, § 544(a),68 Stat. 862
; Aug. 14, 1957, Pub. L. 85–141
, § 11(b)(1),
Stat. 365, authorized the Institute of Inter-American Affairs to make contracts for periods not to exceed five years, with the proviso that any contract extending beyond June 30, 1960, be made subject to termination by the Institute upon notice, and provided that the Institute, on and after July 1, 1954, be subject to the applicable provisions of the Budget and Accounting Act, 1921, as amended, in lieu of the provisions of the Government Corporation Control Act, as amended [31
, act Aug. 5, 1947, ch. 498, § 4,61 Stat. 782
, provided for transfer of assets to United States Treasury upon termination of corporate life of Institute of Inter-American Affairs.
, act Aug. 5, 1947, ch. 498, § 5,61 Stat. 782
, established a Board of Directors for Institute of Inter-American Affairs, and enumerated powers of Board.
, act Aug. 5, 1947, ch. 498, § 6,61 Stat. 782
, provided that Institute of Inter-American Affairs be a nonprofit corporation, have no capital stock, and that no part of its revenue, earnings, or other income or property inure to benefit of its directors, officers, and employees.
, act Aug. 5, 1947, ch. 498, § 7,61 Stat. 782
, authorized officers and employees of Institute of Inter-American Affairs to hold offices upon approval of Institute, with governments or governmental agencies of other American Republics.
, act Aug. 5, 1947, ch. 498, § 8,61 Stat. 782
, authorized Secretary of State to detail employees of Department of State to Institute of Inter-American Affairs.
, act Aug. 5, 1947, ch. 498, § 9,61 Stat. 783
, provided that principal office of Institute of Inter-American Affairs be located in District of Columbia, with branch offices any place in United States or other American Republics.
, act Aug. 5, 1947, ch. 498, § 10,61 Stat. 783
, exempted Institute of Inter-American Affairs from taxation by any Federal, State, or local taxing authority.
, act Aug. 5, 1947, ch. 498, § 11,61 Stat. 783
, reserved right to alter, amend or repeal provisions of sections
of this title, and set forth savings clause for such provisions.