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U.S. Code as of:
01/19/04
Section 477. Incorporation of Indian tribes; charter; ratification by election
The Secretary of the Interior may, upon petition by any tribe,
issue a charter of incorporation to such tribe: Provided, That such
charter shall not become operative until ratified by the governing
body of such tribe. Such charter may convey to the incorporated
tribe the power to purchase, take by gift, or bequest, or
otherwise, own, hold, manage, operate, and dispose of property of
every description, real and personal, including the power to
purchase restricted Indian lands and to issue in exchange therefor
interests in corporate property, and such further powers as may be
incidental to the conduct of corporate business, not inconsistent
with law; but no authority shall be granted to sell, mortgage, or
lease for a period exceeding twenty-five years any trust or
restricted lands included in the limits of the reservation. Any
charter so issued shall not be revoked or surrendered except by Act
of Congress.
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