In 1973, the name was changed and there were 81 signatories. INTELSAT was "governed initially by two international agreements: The Agreement setting forth the basic provisions and principles and structure of the organization, signed by the governments through their foreign ministries, and an Operating Agreement setting forth more detailed financial and technical provisions and signed by the governments or their designated telecommunications entities", — in most cases, the latter are the ministries of communications of the party countries, but in the case of the United States, was the Communications Satellite Corporation (COMSAT), a private corporation established by federal legislation to represent the U.S. in international governance for the global communication satellite system. INTELSAT at that time directly owned and managed a global communications satellite system, and structurally consisted of three parts: