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our_bylaws [2017/07/30 21:24] – [Section 2: Specific Objectives and Purposes] admin | our_bylaws [2017/07/30 21:26] – [Section 3. Distribution of Assets] admin | ||
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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), | + | 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), |
====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, | + | Upon the dissolution of this Corporation, |
=====Article 8 Amendment of Bylaws===== | =====Article 8 Amendment of Bylaws===== |