Article of Conporation
By: Fonta • Essay • 279 Words • February 14, 2010 • 1,052 Views
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ARTICLE FOUR: This corporation is organized NOT for profit and the nature of its business or purposes to be conducted or promoted is:
Said corporation is organized exclusively for charitable, religious, and educational purposes, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under section 501 (c) (3) of the Internal Revenue Code, or the corresponding section of any future federal tax code.
ARTICLE FIVE: No part of the earnings of the corporation shall inure to the benefit of, or be distributable to its members, trustee, directors, officers, or other private persons, except that the corporation shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the purposes as set forth in Article Four hereof. No substantial part of the activities of the corporation shall be the carrying on of propaganda, or otherwise attempting to influence legislation, and the corporation shall not participate in, or intervene in (including