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our_bylaws [2017/07/30 20:50] – [Section 1: IRC Section 501(c)(3) Purposes] adminour_bylaws [2017/07/30 21:26] – [Section 3. Distribution of Assets] admin
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 This Corporation is organized exclusively for the purposes as specified in Section 501%%(%%c)(3) of the Internal Revenue Code, 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. Section 2: Principal Office This Corporation is organized exclusively for the purposes as specified in Section 501%%(%%c)(3) of the Internal Revenue Code, 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. Section 2: Principal Office
 ====Section 2: Specific Objectives and Purposes==== ====Section 2: Specific Objectives and Purposes====
-The specific and primary purpose of the Corporation is to engage in scientific research as well as charitable educational activities within the meaning of Section 501(c)(3) of the Internal Revenue Code, including but not limited to: (a) To provide work space, storage, and other resources for projects related to technology and artistic expression; (b) Through talks, workshops, collaborative projects, and other activities, to encourage research, knowledge exchange, learning, and mentoring in a safe, clean space; (c) To develop, support the development of, and provide resources for the development of free and open source software and hardware.+The specific and primary purpose of the Corporation is to engage in scientific research as well as charitable educational activities within the meaning of Section 501%%(%%c)(3) of the Internal Revenue Code, including but not limited to: (a) To provide work space, storage, and other resources for projects related to technology and artistic expression; (b) Through talks, workshops, collaborative projects, and other activities, to encourage research, knowledge exchange, learning, and mentoring in a safe, clean space; (c) To develop, support the development of, and provide resources for the development of free and open source software and hardware.
  
 =====Article 3: Directors===== =====Article 3: Directors=====
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 ====Section 1. Limitations on Activities ==== ====Section 1. Limitations on Activities ====
-No substantial part of the activities of this Corporation shall be the carrying on of propaganda, or otherwise attempting to influence legislation (except as otherwise provided by Section 501(h) of the Internal Revenue Code), and this Corporation shall not participate in, or intervene in (including the publishing or distribution of statements), any political campaign on behalf of, or in opposition to, any candidate for public office. Notwithstanding any other provisions of these bylaws, this Corporation shall not carry on any activities not permitted to be carried on (a) by a corporation exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code, or (b) by a corporation, contributions to which are deductible under Section 170(c)(2) of the Internal Revenue Code. +No substantial part of the activities of this Corporation shall be the carrying on of propaganda, or otherwise attempting to influence legislation (except as otherwise provided by Section 501(h) of the Internal Revenue Code), and this Corporation shall not participate in, or intervene in (including the publishing or distribution of statements), any political campaign on behalf of, or in opposition to, any candidate for public office. Notwithstanding any other provisions of these bylaws, this Corporation shall not carry on any activities not permitted to be carried on (a) by a corporation exempt from federal income tax under Section 501%%(%%c)(3) of the Internal Revenue Code, or (b) by a corporation, contributions to which are deductible under Section 170(c)(2) of the Internal Revenue Code. 
 ====Section 2. Prohibition Against Private Inurement ==== ====Section 2. Prohibition Against Private Inurement ====
 No part of the net earnings of this Corporation shall inure to the benefit of, or be distributable to, its members, Directors, or trustees, 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 of this Corporation.  No part of the net earnings of this Corporation shall inure to the benefit of, or be distributable to, its members, Directors, or trustees, 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 of this Corporation. 
 ====Section 3. Distribution of Assets ==== ====Section 3. Distribution of Assets ====
-Upon the dissolution of this Corporation, its assets remaining after payment, or provision for payment, of all debts and liabilities of this Corporation shall be distributed for one or more exempt purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code or shall be distributed to the members of the Corporation, or another 501(c)(3) organization with a similar purpose, or to a state or local government, for a public purpose. Such distribution shall be made in accordance with all applicable provisions of the laws of this state. +Upon the dissolution of this Corporation, its assets remaining after payment, or provision for payment, of all debts and liabilities of this Corporation shall be distributed for one or more exempt purposes within the meaning of Section 501%%(%%c)(3) of the Internal Revenue Code or shall be distributed to the members of the Corporation, or another 501%%(%%c)(3) organization with a similar purpose, or to a state or local government, for a public purpose. Such distribution shall be made in accordance with all applicable provisions of the laws of this state. 
  
 =====Article 8 Amendment of Bylaws===== =====Article 8 Amendment of Bylaws=====