| Purpose: |
THE SPECIFIC PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE: (I) TO IMPROVE THE LIVES OF THE CITIZENS OF THE CITY OF PAWTUCKET, RHODE ISLAND (“CITY”), BY PRESERVING AND MAINTAINING OPEN SPACE AND WATERWAYS WITHIN THE CITY, PRESERVING AND MAINTAINING HISTORIC STRUCTURES AND CULTURAL MONUMENTS WITHIN HISTORICALLY SIGNIFICANT AREAS OF THE CITY, PROVIDING ACCESS AND MAINTENANCE THROUGH CONSERVATION AND HISTORIC EASEMENTS TO SUCH AREAS, STRUCTURES AND CULTURAL MONUMENTS, AND PROVIDING MAINTENANCE AND MONITORING OF THE SAME FOR THE PRESERVATION, CONSERVATION, REUSE AND APPROPRIATE DEVELOPMENT OF THE SAME. (II) TO HOLD, REPAIR, AND USE REAL ESTATE FOR THE ABOVE PURPOSES. (III) TO PROVIDE TECHNICAL ASSISTANCE TO RESIDENTS OF THE CITY AND CITY OFFICIALS IN IMPLEMENTING SUCH GOALS WITH APPROPRIATE PLANNING. TO CARRY ON AND PERFORM ALL SUCH WORKS AND FURTHER, TO CARRY ON ANY OTHER RELIGIOUS, EDUCATIONAL OR CHARITABLE WORKS WHICH ARE CONSISTENT WITH THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CHAPTER 7-6 OF THE GENERAL LAWS OF RHODE ISLAND TO THE EXTENT THAT SUCH ACTIVITIES OPERATE FOR THE BENEFIT OF, PERFORM THE FUNCTIONS OF, CARRY OUT THE PURPOSES OF, OR TO THE SUPPORT THE MISSION AND PURPOSES OF THE PAWTUCKET FOUNDATION. (V) NO MORE THAN AN INSUBSTANTIAL PART OF THE ACTIVITIES OF THE CORPORATION SHALL BE IN FURTHERANCE OF NON-EXEMPT PURPOSES. (VI) 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 IN (INCLUDING THE PUBLISHING OR DISTRIBUTION OF STATEMENTS), ANY POLITICAL CAMPAIGN ON BEHALF OF OR IN OPPOSITION TO ANY CANDIDATE FOR PUBLIC OFFICE. (VII) ANY OTHER PROVISIONS HEREIN NOTWITHSTANDING, THE CORPORATION WILL AT ALL TIMES BE ORGANIZED AND OPERATED EXCLUSIVELY FOR EXEMPT PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND SHALL NOT HAVE THE POWER TO DO ANYTHING OR TAKE ANY ACTION WHICH WOULD CAUSE IT TO CEASE TO QUALIFY AS A NON-PROFIT CORPORATION UNDER STATE LAW OR AS AN ORGANIZATION EXEMPT UNDER SECTIONS 501(C)(3) AND AS A SUPPORTING ORGANIZATION DESCRIBED IN SECTION 509(A)(3) OF THE CODE. ALL REFERENCES HEREIN: (I) TO THE INTERNAL REVENUE CODE SHALL BE DEEMED TO REFER TO THE INTERNAL REVENUE CODE OF 1986, AS NOW IN FORCE OR HEREAFTER AMENDED; OR TO A CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE AND (II) TO THE GENERAL LAWS OF RHODE ISLAND SHALL BE DEEMED TO REFER TO THE GENERAL LAWS OF 1956, AS NOW IN FORCE OR HEREAFTER AMENDED, OR TO A CORRESPONDING PROVISION OF ANY FUTURE COMPILATION OF GENERAL LAWS. (VIII) IN THE EVENT OF THE LIQUIDATION, DISSOLUTION, OR TERMINATION OF THE CORPORATION, WHETHER VOLUNTARY OR INVOLUNTARY, NO MEMBER, OFFICER, OR DIRECTOR SHALL BE EN |
