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AG 1998 11 16
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AG 1998 11 16
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Last modified
3/25/2002 6:09:44 PM
Creation date
11/27/2017 11:52:51 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
11/16/1998
Board
Board of Commissioners
Meeting Type
Regular
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of Incorporation inconsistent with this Article, shall eliminate or <br />reduce the protection granted herein with respect to any matter <br />that occurred prior to such amendment, repeal, or adoption. <br /> <br /> 9. No part of the net earnings of the corporation shall inure <br />to the benefit of, or be distributable to its members, trustees, <br />directors, officers, or other private persons, except that the <br />corporation shall be authorized and empowered to pay reasonable <br />compensation for services rendered and to make payments and <br />distributions in furtherance of the purposes. The Corporation's <br />primary purpose shall not be to engage in political campaign <br />activities. Notwithstanding any other provisioD of these Articles, <br />the corporation shall not carry on any other activities not <br />permitted to be carried on (a) by a corporation exempt from federal <br />income tax under Section~501(c)(4) of the Internal Revenue Code, or <br />the corresponding section of any future Federal Tax Code. <br /> <br /> 10. Upon the dissolution of the corporation, the assets shall <br />be distributed for one or more exempt purposes within the meaning <br />of Section 501(c)(3) or Section 501(c)(4) of the Internal Revenue <br />Code, or the corresponding sections of any future Federal Tax Code, <br />or shall be distributed to the federal government, or to a state or <br />local government, or for a public purpose. Any such assets not so <br />disposed of shall be disposed of by a Court of competent <br />jurisdiction of the County in which the principal office of <br />corporation is then located, exclusively for such purposes or to <br />such organizations, as said Court shall determine, which are <br />organized and operated exclusively for such purposes. <br /> <br /> irman of B~ard of Directors, <br /> orporator <br /> <br /> <br />
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