Below is the proposed changes to be voted on at the 2018 General Meeting on Saturday, June 9, 2018.
Conformity to Federal and State Regulations for Non-Profit Corporations and Organizations. All activities of this Corporation’s Directors, as described in these Bylaws, shall be in conformity to the State laws of both the State where it is incorporated and any State where any aspect of the Corporation may function.
In the conduct of Corporation business, the Board of Directors is bound by these Bylaws and shall have set in place regulations, and procedures for financial accountability, conformity to reporting requirements of the State and Federal Internal Revenue Service, maintenance of legal and church records, and other generally accepted good business practices including the following specific articles:
Purpose. The Corporation is organized exclusively for charitable, educational, religious, or scientific purposes within the meaning of Section 501(c) (3) of the Internal Revenue Code.
Inurement of Income. No part of the net earnings of the Corporation shall inure to the benefit of, or be distributable to, its members, directors, officers or other private persons except that the Corporation shall be authorized and empowered to pay reasonable compensation for services rendered.
Conflict of Interest. All actual conflicts of interest are forbidden and all apparent conflicts of interest are to be avoided by anyone holding an organizational position which controls or influences the hiring of employees, the determination of compensation and benefits, the awarding of contracts, or entering into any arrangement that might benefit the private interest of him or herself or any officer or director of the organization or which might result in a possible excess benefit transaction to a family member of that person. Compensation includes direct or indirect remuneration as well as gifts or favors that are not insubstantial. A person with a real or apparent personal, family or corporate interest in the outcome of a vote must recuse him or herself from the voting on that issue.
Legislative or Political Activities. No substantial part of the activities of the Corporation shall be the carrying on of propaganda or otherwise attempting to influence legislation and the Corporation shall not participate in or intervene (including the publishing or distribution of statements) in any political campaign on behalf of any candidate for public office.
Operational Limitations. Notwithstanding any other provisions of these articles, the Corporation shall not carry on 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 corresponding 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 the corresponding provision of any future United States Internal Revenue Law).
Dissolution Clause. Upon the dissolution of the Corporation, assets shall be distributed for one or more exempt purposes within the meaning of section 501(c)(3) of the Internal Revenue Code, or the corresponding section of any future federal tax code, or shall be distributed to the federal government, or to a state or local government, for a public purpose. Any such assets not so disposed of shall be disposed of by a court of competent jurisdiction 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.