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Articles of Incorporation - Continued FIFTH (Con't) B. The receiving, holding, investing and disbursing of gifts, bequests and funds; C. The development and promotion of the social, economic and general welfare of veterans of the 86th BLACKHAWK Division, and the heirs of such veterans; (Revised 09/06/96) D. The doing of all things necessary or incidental thereto. SIXTH: Memberships in the said corporation are subject to the following qualifications: Only men who served with the 86th Blackhawk Division at any time during the years 1942 through deactivation in December, 1946, shall be eligible for membership in said corporation. An amendment September 16, 1989 provides that widows of former members can become honorary members. SEVENTH: Said corporation is organized exclusively for charitable purposes, including, for such purposes, the making of contributions to organizations that qualify as exempt organizations under Section 501(c)(3) of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Law). EIGHTH: 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 number 5 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 the publishing or distribution of statements) any political campaign on behalf of any candidate for public office. 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 of 1954 (or the corresponding provision of any future United States Internal Revenue Law) or (b) by a corporation, contributions to which are deductible under Section 170(c)(2) of the Internal Revenue Code of 1954 (or the corresponding provision of any future United State Internal Revenue Law). NINTH: Upon the dissolution of the corporation the Board of Trustees, shall after paying or making provision for the payment of all of the liabilities of the corporation, dispose of all of the assets of the corporation exclusively for the purposes of the corporation in such manner or to such organization or organizations organized and operated exclusively for charitable, educational, religious or scientific purposes as shall at the time qualify as an exempt organization or organizations under Section 501(c)(3) of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Law) as the Board of Trustees shall determine. Any such assets not so disposed of shall be disposed of by the Court of Common Pleas 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. (INCORPORATORS SIGNING) James V. Woznick George Rau, Jr. Dale Durant
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