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<br />.. <br /> <br />e <br /> <br />e <br /> <br />ARTICLE XIII <br /> <br />If the Authority is a private foundation within the meaning of Section 509(a) of the Code, <br />the Authority: (a) shall distribute its income for each taxable year at such time and in such manner <br />as not to become subject to the tax on undistributed income imposed by Section 4942 of the Code; <br />(b) shall not engage in any act of self-dealing as defined in Section 4941 (d) of the Code; (c) shall <br />not retain any excess business holdings as defmed in Section 4943(c) of the Code; (d) shall not <br />make any investments in such manner as to subject it to tax under Section 4944 of the Code; and (e) <br />shall not make any taxable expenditures as defined in Section 4945( d) of the Code. _ <br /> <br />ARTICLE XIV <br /> <br />The City Council may at any time consider and approve an ordinance directing the Board to <br />proceed with the dissolution of the Authority, at which time the Board shall proceed with the <br />dissolution of the Authority in accordance with applicable state law. The failure of the Board to <br />proceed with the dissolution of the Authority in accordance with this Section shall be deemed a <br />cause for the removal from office of any or all of the Directors as permitted by Article VI of these <br />Articles of Incorporation. <br /> <br />ARTICLE XV <br /> <br />These Articles may not be changed or amended unless approved by the City Council of the <br /> <br />City. <br /> <br />. I ~ WTINESS WHEREOF, we have hereunto <br />~2000. <br /> <br /> <br />6 <br />