1984-04-04 Regular Meeting of La Porte City Council

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. .. e e -2- corporation shall not carryon 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 corre- sponding 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 corre- sponding provision of any future United States Internal Revenue Law). (3) Upon the dissolution of the corporation, the Board of Direc- tors shall, after paying or making provision for the payment of all the liabilities of the corporation, dispose of all the assets of the corporation exclusively for the purposes of the corporation in .such manner, or to such organization or organizations organized and oper- ated exclusively for charitable educational, religious, or scientific purposes as shall at the time qual ify as an exempt organization or organizations under section 501 (c) (3) of the Internal Revenue Code of 1954 (or corresponding provision of any future United States Internal Revenue Law), as the Board of Directors shall determine. Any such assets not so disposed of shall be disposed of by the State District Court 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. ARTICLE FIVE The Corporation shall have no members. ARTICLE SIX The street address of the initial registered office of the cor- poration is 604 West Fairmont Parkway, La Porte, Harris County, Texas 77571 and the name of its initial registered agent at such address is J. J. MEZA.