; (B) adopting a constitution and bylaws consistent with the purposes of the Foundation and the provisions of this title; and (C) undertaking of other such acts as may be necessary to carry out the provisions of this title. (2) Limitations on appointment The following limitations apply with respect to the appointment of officers and employees of the Foundation: (A) Officers and employees may not be appointed until the Foundation has sufficient funds to pay them for their service. Officers and employees of the Foundation shall be appointed without regard to the provisions of title 5, United States Code, governing appointments in the competitive service, and may be paid without regard to the provisions of chapter 51 and subchapter III of chapter 53 of such title relating to classification and General Schedule pay rates. (B) The first officer or employee appointed by the Board shall be the Secretary of the Board who— (i) shall serve, at the direction of the Board, as its chief operating officer; and (ii) shall be knowledgeable and experienced in matters relating to the assessment, prevention, reduction, and removal of marine debris. 203. Rights and obligations of the Foundation (a) In general The Foundation— (1) shall have perpetual succession; (2) may conduct business throughout the several States, territories, and possessions of the United States and abroad; (3) shall have its principal offices in the District of Columbia or in a county in the State of Maryland or Virginia that borders on the District of Columbia