“ The corporation shall have no power to issue capital stock or engage in business for pecuniary profit or gain, its objects and purposes being solely of a benevolent character and not for the pecuniary profit or gain of its members. ”

“ Corporation created. Section 2. Objects and purposes of corporation. The objects and purposes of the corporation shall be— (a) To provide an organization to encourage and aid American citizens in the contribution of their efforts, services, and resources in the development of aviation and in the maintenance of air supremacy, and to encourage and develop by example the voluntary contribution of private citizens to the public welfare; (b) To provide aviation education and training especially to its senior and cadet members ”

“ To acquire, hold, mortgage, and dispose of such real and personal property as may be necessary for its corporate purposes; (c) To accept gifts, legacies, and devises which will further the corporate purposes ”