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Resolution 1656
Orono
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Reso 0001-7499
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Reso 1600 - 1699 ( February 13, 1984 - November 26, 1984)
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Resolution 1656
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3/10/2016 12:09:47 PM
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3/10/2016 12:09:47 PM
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4 r <br /> . <br /> • � <br /> the Court will accomplish the general <br /> purposes for which the dissolved corporation ' <br /> . was organized. . <br /> (b) If a dissolution under Court supervision is not . <br /> so required or deemed desirable, the assets <br /> � of the corporation shall be distrubuted to or <br /> for and to which gifts are deductible from <br /> income of a donor under the Internal Revenue <br /> Code and under Statutes of the State of Minn- <br /> esota, to the extent then possible. If the <br /> Internal Revenue Code, as hereafer amended, does <br /> • not provide for such, a. deduction, then the <br /> distribution shall be made to one or more <br /> state or local governments , for a public purpose. <br /> In the event of dissolution, none of .the assets shall be <br /> transferred to or in any respect whatsoever iriure` to or for the <br /> benefit of any member of the. corporation. <br /> � The corporation shall not lend any of its assets to an officer, <br /> • director or member of the corporation nor guarantee to any other <br /> person the payment of a loan by an officer, director or member of <br /> the corporation. . <br /> ARTICLE IV <br /> The period� of duration .of the corporation shall be perpetual. <br /> ARTICLE V � � <br /> The ,registered office of the corporation in Minnesota shall <br /> be located in the City of Orono. . <br /> ARTICLE VI <br /> The names and addresses of the incorporators , each of� whom <br /> is a natural person of full age, are: <br /> NAME � ADDRE`5S - <br /> � <br />
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