Minutes-9/1/2016

empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of its purposes. No 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 in (including the publishing or distribution of statements) any political campaign on behalf of any candidate for public office. Notwithstanding any other provision 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 Code (or the corresponding provision of any subsequent United States Internal Revenue Code) or (b) by a corporation contributions to which are deductible under Section 170(c)(2) of the Code (or the corresponding provision of any subsequent United States Internal Revenue Code). ARTICLE VI PROPERTY The Corporation shall be authorized to take and hold by bequest, devise, gift, grant, purchase, lease or otherwise any property, real, personal, tangible or intangible, or any undivided interest therein, without limitation as to amount or value; to sell, convey, or otherwise dispose of any such property and to invest, reinvest, or deal with the principal or the income thereof in such manner as in the judgment of the Board of Directors will best promote the purpose of the Corporation without limitation, except such limitations, if any, as may be contained in the instrument under which such property is received, these Articles, the Bylaws of the Corporation, or any laws applicable thereto; and to do any other act or thing incidental to or connected with the foregoing purpose or in advancement thereof, but not for pecuniary profit or financial gain of its Directors or officers except as permitted under the Act. ARTICLE VII PROSCRIBED CONDUCT The following provisions shall further govern the conduct of the Corporation during any period of time in which the Corporation shall be considered to be a private foundation: 7.01 The Corporation shall distribute its income for each tax year at such time and in such manner as not to become subject to the tax on undistributed income imposed by Section 4942 of the Code, or corresponding provisions of any subsequent United States Internal Revenue Code. 7.02 The Corporation shall not engage in any act of self-dealing as defined in Section 4941(d) of the Code, or corresponding provisions of any subsequent United States Internal Revenue Code. 7.03 The Corporation shall not retain any excess business holdings as defined in Section 4943(c) of the Code, or corresponding provisions of any subsequent United States Internal Revenue Code.