33 lines
3.6 KiB
Markdown
33 lines
3.6 KiB
Markdown
# Articles of Incorporation
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OF CHOTEAU LIONS CLUB FOUNDATION
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The undersigned, a natural person over the age of eighteen years, hereby certifies as follows:
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## ARTICLE I — NAME
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The name of the corporation is Choteau Lions Club Foundation, (hereinafter referred to as the “Corporation”).
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## ARTICLE II — PURPOSE
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The Corporation is organized exclusively for charitable, religious, educational, and scientific 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, or the corresponding section of any future federal tax code. The specific purposes of the Corporation are to provide charitable support and funding to the projects of the Choteau Lions Club. The Corporation shall not be conducted or operated for profit and no part of the net earnings of the Corporation shall inure to the benefit of any individual, nor shall any of the profits or assets of the Corporation be used other than for the purposes of the Corporation.
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## ARTICLE III — EXEMPTION REQUIREMENTS
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At all times the following shall operate as conditions restricting the operations and activities of the Corporation:
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1. No part of the net earnings of the Corporation shall inure to the benefit of, or be distributable to its members, 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 set forth in Article Third hereof.
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2. 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
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intervene in (including the publishing or distribution of statements) any political campaign on behalf of or in opposition to any candidate for public office. 3. Notwithstanding any other provision of these articles, the Corporation shall not carry on any other 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 the corresponding section of any future federal tax code, or (b) by a corporation, contributions to which are deductible under section 170(c)(2) of the Internal Revenue Code, or the corresponding section of any future federal tax code.
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## ARTICLE IV — DURATION / DISSOLUTION
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The duration of the corporate existence shall be perpetual. In the event of liquidation, dissolution, or winding up of the Corporation, whether voluntary, involuntary, or by the operation of law, the property or other assets of the Corporation remaining after the payment, satisfaction, and discharge of liabilities or obligations, shall be distributed for one or more exempt purposes within the meaning of section 501(c)(3) of the Internal Revenue Code, or the corresponding section of any future federal tax code, or shall be distributed to the federal government, or to a state or local government, for a public purpose. Any such assets not so disposed of shall be disposed of by a Court of Competent Jurisdiction of the county in which the principal office of the corporation is then located, exclusively for such purposes or to such organization or organizations, as said Court shall determine, which are organized and operated exclusively for such purposes.
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IN WITNESS WHEREOF, I have subscribed my name this 19 day of September 2022.
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_/s/ Steve Dogiakos_
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Steven Dogiakos, Incorporator
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