Resolution 1656 - Laserfiche WebLink

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. � � , 1 '" after.. amended, and in Section 290 .05, Subdivision 9 , of the Statutes � of the State of_ r�linnesota, as now enacted or as hereaf.ter amended. The corpration shall have onl,y such powers as are consistent with the foregoing purposes, including the power to acauire and receive � funds and property of every kind and nature whatsoever, whether by � purchase, conveyance, lease, gift, bec�uest or otherwise, and to • own, hold, invest, expend, make gifts and contributians of, and to convey, transfer, and dispose of any funds and property and the income ' therefrom f.or the furtherance of the purposes of. the corporation, and to lease, mortqage, encumber, invest and use the same, and such other powers which are consistent with the foreqoing purposes and which � are afforded to the .corporation by the t7innesota rlonprofit Corpora- , �, tion Act, 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 operations shall be exclusively within the contemplation of both Section 501 (c) (3) � of. the Internal Revenue Code, as now enacted or as hereafter amended, ' . and of Section 290 . 05 , Subdivision 9 , of the Statutes of the State of Minnesota, as now enacted or as herea�ter amended. rIo part o.f the property or the ineome of the corporation shall ever be used or employed directly or indirectl_y by ,the corporation for the � purpose Qf carrying on propa_qanda or otherwise attemptinci to influence � legislation, and in no event shall the corporation participate in, or intervene in (including publishinq or distributing statements) anv . political camnaign on behalf of anv candidate for public off.ice. • ARTICLE I:LI ' _ The corporation does not and will not af..ford pecuniary gain, incider�tally or otherwise, to its members. tdo part of the �r�perty � or the income .of the corporation or any other pecuniary qain or profit shall inure to any member of the corporation except that reason- able compensation may be paid for services rendered to or f.or the � corporation. In the event of d�issolution �of the corporation of � � the corporation all of its then assets shall be distributed as �. � follows : (a) The dissolution shall be conducted under Court � superv�s�on if_ reau�red under the Statutes of the State of Minnesota' or deemed desirable by the , corporation in such manner as in the judgment of �