AG19830117 - Laserfiche WebLink

Home Browse Search

ARTICLES OF INCORPORATION OF I~ the undersigned natural person of the age of eighteen years or more, acting as incorporator for tile purpose of cresting a non-profit, nonstock corporation under tile laws of the State of Nortb Carolina, as contained in Chapter 55-A of tile General Statutes of North Carolina entitled "Non-profit Corporation Act"~ and the several amendments thereto, do hereby set forth: I. ~e name of the corporation is ~le period of the duration of tile corporation shall be perpetual. III. ~e purposes for which tile corporation is organized are: (A) The purposes for which the corporation is formed are for benevolent and charitable purposes, witbln the meaning of Section 501 (c) (3) of the Internal Revenue Code of 1954 ned in this connection to own bealth facilities and make them available for haadlcapped persons. (B) No part of the net earnings of tile corporation shall inure to the benefit of any member~ director, officer of the corporation, or any private individual, except that rensonable compensation may be paid for services rendered to or for tile corporation affecting one or more of its purposes~ and no director or officer of tile corporation, or any private individual, shall be entitled to share in tile distribution of any of the corporate assets upon tile dissolatlon of the corporation. No part of tile activitles of the corporation sball be carrying on propaganda or otherwise attempting to influence legislation or participating in or intervening in (including the publication or distribution of statements) any political campaign on behalf of any candidate for public office. (C) Notwithstanding any other provisions of these Articles, the Corporation shall not carry on any activities not permitted to be carried on by (a) a corporation exempt from federal income taxes under Section 501 (c)(3) of tile Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue law) or (b) a corporation to which contributions are deductible under Section 170 (c)(2) of tile Internal Revenue Code of 1954 (or tile corresponding provision of any future United States Internal Revenue law).