Okaloosa County BOCC — November 4, 2014 — LETF Request — reading text

of monetary donations raised are used appropriately and for the purpose in which they were received; reporting through suitable communication channels, on issues related to the development of the organization and its financial standing; appointing a staff to assist with the supervising process. Maintaining accurate records of successfully completed tasks as well as those that failed to meet specified targets. (c) The selection of officers and their number, terms of office, rights, powers and duties; and {d) Other matters relating to governance of the Corporation. NINTH: The following provisions are hereby adopted to limit and regulate the powers of the corporation and the Board of Directors. (a) The incorporation is not organized for pecuniary profit. No part of the net earnings of the Incorporation shall inure to the benefit of or be distributable to its directors, officers, members or other private persons, except that the Dr. MLK Celebration Committee of Okaloosa County, Inc. shall be authorized and empowered to pay reasonable compensation for services actually rendered and to make payments in furtherance of the purposes herein set forth; (ob) The Dr. MLK Celebration Committee of Okaloosa County, Inc. shall be non-profit and non-stock, and shall have no power to declare dividends. The incorporation shall be composed of members. Qualifications for membership in the Corporation shall be defined in the Bylaws, but in no case shall membership be restricted on the basis of race, sex, ethnic origin or religious or political persuasion. (c) The Dr. MLK Celebration Committee of Okaloosa County, Inc. shall conduct and direct its services and the use of its properties and facilities on the basis that such services and uses are available regardless of race, sex, ethnic origin or religious or political persuasion. (d) Except as provided in Sections 501(h) and 4911 of the Internal Revenue Code of 1986, as amended (or the corresponding provisions of any future United States Internal Revenue law) (hereafter the "Code"), no substantial part of the activities of the Dr. MLK Celebration Committee of Okaloosa County, Inc. shall be the carrying on of propaganda or otherwise attempting to influence legislation. The Dr. MLK Celebration Committee of Okaloosa County, Inc. shall not participate in nor intervene in (including the publishing or distribution of statements) any political campaign on behalf of any candidate for public office. Notwithstanding any other provisions, the Dr. MLK Celebration Committee of Okaloosa County, Inc. shall not carry on any activity not permitted to be carried on by an Dr. MLK Celebration Committee of Okaloosa County, Inc. exempt from federal income tax under Section 501(c) (3) of the Code or by a Dr. MLK Celebration Committee of Okaloosa County, Inc. contributions to which are deductible under Section 170(c) (2), 2055(a) (2) and 2522(a) (23) of the Code. (e) If the Dr. MLK Celebration Committee of Okaloosa County, ~6~ Inc. is dissolved or ended for any reason, the Board of Directors shall dispose of all of the net assets of the Dr. MLK Celebration Committee of Okaloosa County, Inc. exclusively to such organization(s) which are organized and operated exclusively for charitable or educational purposes and shall, at the time, qualify as an exempt organization under section 501 (c) (3) of the Internal Revenue Code. Any remaining assets not disposed of by the Board shall be disposed of by the Court in the jurisdiction in which the principal office of the Dr. MLK Celebration Committee of Okaloosa County, Inc. is then located, exclusively for such purposes or to such organizations. TENTH: The duration and existence of the Dr. MLK Celebration Committee of Okaloosa County, Inc. shall be perpetual. ELEVENTH: The Dr. MLK Celebration Committee of Okaloosa County, Inc. may indemnify any and all of its current and future directors, officers, employees and agents as provided in the Bylaws of the Dr. MLK Celebration Committee of Okaloosa County, Inc. IN WITNESS WHEREOF, I have signed these Articles of Incorporation and acknowledged the same to be my own act on this 3rd day of September, 2014 WITNESS: Name #1 Name #2 Name #3 Consent of Resident Agent |, Justin Lee, hereby consent to being designated in this document as Resident Agent for this Dr. MLK Celebration Committee of Okaloosa County, Inc. Name Here