(c) No compensation or payment shall ever be paid or made to any member, officer, director, trustee, creator, or organizer of this Corporation, or substantial contributor to it, except as an allowance for actual expenditures or services actually made or rendered to or for this Corporation; and neither the whole nor any portion of the assets or net earnings, current or accumulated of this Corporation shall ever be distributed to or divided among any such persons; provided, further, that neither the whole nor any part or portion of such assets or net earnings shall ever be used for, accrue to, or inure to the benefit of any member or private individual within the meaning of 501(c)(3) of the Internal Revenue Code of 1986 (or the corresponding provisions of any future United States Internal Revenue law).
(4) Upon dissolution of the Corporation, the Board of Directors or governing body of the Corporation, after paying or providing for payment of all liabilities of the Corporation, shall dispose of all the assets of the Corporation exclusively: (1) In accordance with the purposes of the Corporation, In the manner determined by the Board of Directors or governing body, or (2) to organizations qualified for exemption under section 501(c)(3) of the Internal Revenue Code of 1986, as amended (26 U.S.C. 501(c)(3)), and specified by the Board of Directors or governing body, giving preference to such organization or organizations which, in the opinion of the Directors is or are best fitted to carry on the purposes of the Corporation Any assets of the Corporation not so disposed of shall be disposed of by the district court of the county where the principal office of the Corporation is then located, exclusively for the purposes or to the organizations provided above, as determined by the court.
FOURTH: The Corporation shall not have authority to issue capital stock, and the conditions of membership shall be fixed by the By-laws.
FIFTH: The Board of Directors shall have all powers granted by Kansas law and statutes and by the by-laws of this Corporation, including the power to make, alter and repeal such by-laws.
SIXTH: The term for which this Corporation is to exist is perpetual.
SEVENTH: No member of this Corporation shall benefit financially from the dissolution thereof. In the event of the dissolution of this Corporation, the assets of this Corporation shall be distributed as set forth in Article Third hereof.
EIGHTH; The name and residence of the incorporator is:
Eric D. Kater, M.D.
705 Washington
Sedgwick, KS 67135
NINTH: The number of directors may be increased or decreased from time to time
by amendment of the by-laws.
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Last Update: 11/05/00
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est. Nov 2000