| Purpose: |
THIS CORPORATION IS FORMED AS A CHRISTIAN CHURCH TO ENGAGE IN THE PREACHING AND TEACHING OF THE GOSPEL OF JESUS CHRIST AND THE HOLY BIBLE AND MORE SPECIFICALLY AS A CHURCH IN RELATIONSHIP WITH CONFLUENCE CHURCHES. IN CONNECTION THEREWITH AND IN ADDITION THERETO, IT SHALL HAVE THE RIGHT TO PURCHASE OR ACQUIRE BY GIFT, BEQUEST OR OTHERWISE, DIRECTLY OR AS TRUSTEE, AND TO OWN, HOLD IN TRUST, USE, SELL, CONVEY, MORTGAGE, LEASE OR OTHERWISE DISPOSE OF ANY REAL ESTATE OR CHATTEL AS MAY BE NECESSARY FOR THE FURTHERANCE OF ITS PURPOSES. ALL IN ACCORDANCE WITH ITS CONSTITUTION AND BY-LAWS OR AS THE SAME MAY BE HEREAFTER AMENDED. TO DO ALL THINGS PERMITTED UNDER RHODE ISLAND LAW. THE ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND/OR SCIENTIFIC PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. NO PART OF THE NET EARNINGS OF THE ORGANIZATION SHALL INURE TO THE BENEFIT OF, OR BE DISTRIBUTABLE TO, ITS MEMBERS, TRUSTEES, OFFICERS OR OTHER PRIVATE PERSONS, EXCEPT THAT THE ORGANIZATION SHALL BE AUTHORIZED AND EMPOWERED TO PAY REASONABLE COMPENSATION FOR SERVICES RENDERED AND TO MAKE PAYMENTS AND DISTRIBUTIONS IN FURTHERANCE OF HTE PURPOSES SET FORTH IN THE PURPOSE CLAUSE HEREOF. NO SUBSTANTIAL PART OF INFLUENCE LEGISLATION, AND THE ORGANIZATION SHALL NOT PARTICIPATE IN, OR INTERVENE IN (INCLUDING THE PUBLISHING OR DISTRIBUTION OF STATEMENTS) ANY POLITIICAL CAMPAIGN ON BEHALF OF ANY CANDIDATE FOR PUBLIC OFFICE. NOTWITHSTANDING ANY OTHER PROVISION OF THIS DOCUMENT, THE ORGANIZATION SHALL NOT CARRY ON ANY OTHER ACTIVITIES NOT PERMITTED TO BE CARRIED ON (A) BY AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE, OR (B) BY ANY ORGANIZTION, CONTRIBUTIONS TO WHICH ARE DEDUCTIBLE UNDER SECTION 170(C)(2) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE. UPON THE DISSOLUTION OF THE ORGANIZATION, ASSETS SHALL BE DISTRIBUTED FOR ONE OR MORE EXEMPT PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR 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. |
