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Articles of Incorporation
Name
ARTICLE I
The name of the corporation shall be Welsh Society of Central Ohio.
Place
ARTICLE II
The place in Ohio where the principle office of the corporation is to be located
is Columbus, Franklin County, and Ohio.
Purpose
ARTICLE III
The purpose of this corporation shall be to foster appreciation of and to
preserve Welsh heritage and traditions and to promote the literature, poetry,
music, and the arts of Wales for the benefit and education of members of the
general public. This corporation is organized and shall be operated exclusively
to engage in, advance, promote, and administer education and charitable,
religious, educational, and scientific purposes through activities and projects
to aid, assist and contribute to the support of institutions which are organized
and operated exclusively for education and charitable purposes within the
meaning of Section 501(c)(3) of the Internal Revenue Code, as now or hereafter
in effect, and 1702 of the Ohio Revised Code of the State of Ohio, as now or
hereafter in effect. The corporation shall have only such powers as are
consistent with the foregoing purposes, including the power to acquire and
receive funds and property of every kind and nature whatsoever, whether by
purchase, conveyance, lease, gift, bequest or otherwise, and to own, hold,
invest, expand, made gifts and contribution of, and to convey, transfer, and
dispose of any funds, property and the income there from for the furtherance of
the purposes of the corporation, and to lease, mortgage, encumber, invest and
use the same, and such other powers which are consistent with the foregoing
purposes and which are afforded to the corporation by the statutes of the State
of Ohio and any future laws amendatory thereof and supplementary thereto.
Provided, further, that all such powers of the corporation shall be exercised
only so that the corporation's operation shall be exclusively with the
contemplation of both Section 501(c)(3) of the Internal Revenue Code, as now
enacted or as hereafter amended, and of the Statutes of the State of Ohio, as
now enacted or as hereafter amended.
Non-Profit Status
ARTICLE IV
No substantial part of the property or the income of the corporation shall be
used for the purpose of carrying on propaganda or otherwise attempting to
influence legislation, and the organization shall not participate in, or
intervene in (including the publication and distribution of statements) any
political campaign on behalf of any candidate for public office. Notwithstanding
any other provisions of this document, the organization shall not carry on any
other activities not permitted to be carried on by an organization exempt from
federal income tax under section 501(c) (3) of the Internal Revenue Code, or
corresponding section of any future federal tax code.
Non-Profit Status, cont.
ARTICLE V
No part of the property or net earnings of the corporation or any other
pecuniary gain or profit shall inure to the benefit of, or be distributable to
its members, trustees, officers, or other private persons, except that the
organization 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 the purpose clause hereof.
Provision for dissolution
ARTICLE VI
In the event of dissolution of the corporation all of its assets shall be
distributed as follows: (a) The dissolution shall be conducted under the
direction of the Court of Common Pleas of the County of Franklin, State of Ohio,
or other court if required under the Statues of the State of Ohio or deemed
desirable by the corporation in such manner as in the judgment of the Court will
accomplish the general purposes for which the dissolved corporation was
organized. (b) If a dissolution under court supervision is not so required or
deemed desirable, the assets of the corporation shall be distributed to or for
the benefit of organizations, causes or projects, for and to which gifts are
exempt from taxation under provisions of section 501(c) (3) of the Internal
Revenue Code and under the Statues of the State of Ohio, to the extent then
possible. Any such assets not disposed of shall be disposed of the Court of
Common Pleas of the Franklin County, State of Ohio exclusively for such purposes
or to such organization or organizations, as said Court shall determine which
are organized and operated exclusively for such purposes. In the event of
dissolution, none of the assets shall be transferred to or in any respect
whatsoever inure to or for the benefit of any member of the corporation. The
corporation shall not lend any of its assets to any officer, director or member
of the corporation nor guarantee to any other person the payment of a loan by an
officer, director or member of the corporation.
Duration
ARTICLE VII
The period of duration of the corporation shall be perpetual.
Board of Directors
ARTICLE VIII
The Board of Directors shall consist of at least 3 persons. The members of the
corporation shall be the persons who are from time to time elected as directors
of this corporation by the vote of a majority of the whole Board of Directors.
The Board of Directors shall be authorized to provide standards and procedures
for selection or removal of members in the Bylaws or Constitution of this
corporation.
No capital stock
ARTICLE IX
The corporation shall have no capital stock.
Other
ARTICLE X
The members, directors and officers of this corporation shall not be personally
liable for the obligations of the corporation.
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