Common use of Sole Authority Clause in Contracts

Sole Authority. Subject to the general policies of the Board of Regents, the Board of Trustees shall have the sole authority to— (1) lend, exchange, sell, or otherwise dispose of any part of the collections of the National Museum, with the proceeds of such trans- actions to be used for additions to the collec- tions of the National Museum or additions to the endowment of the National Museum, as the case may be; (2) purchase, accept, borrow, or otherwise ac- quire artifacts and other objects for addition to the collections of the Natural Museum; and (3) specify criteria for use of the collections of the National Museum for appropriate pur- poses, including research, evaluation, edu- cation, and method of display.

Appears in 6 contracts

Samples: Transfer Agreement, Transfer Agreement, Board of Trustees Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!