42 U.S.C. § 3933 : US Code - Section 3933: Organization of corporation

Search 42 U.S.C. § 3933 : US Code - Section 3933: Organization of corporation

(a) Appointment of incorporators; Chairman; initial board of
directors
The President of the United States shall appoint, by and with the
advice and consent of the Senate, incorporators of the corporation,
one of whom shall be designated by the President to serve as
chairman. The incorporators shall serve as the initial board of
directors until the first annual meeting of stockholders or until
their successors are elected and have qualified.
(b) Action by incorporators; filing articles of incorporation
The incorporators shall take whatever actions are necessary or
appropriate to establish the corporation, including the filing of
articles of incorporation as approved by the President.
(c) Initial offering of stock in corporation and of interests in
partnership; terms of offering
The incorporators shall also arrange for an initial offering of
shares of stock in the corporation and of interests in the
partnership described in section 3937 of this title. If the
incorporators deem it advisable in order to carry out the purposes
of this chapter, the initial offering may be made upon terms which
require the purchase of other securities of the corporation or of
interests in such partnership.