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2009-088 Council Resolution
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2009-088 Council Resolution
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8/28/2014 11:20:11 AM
Creation date
8/28/2014 9:39:18 AM
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City Council
Council Document Type
Resolutions
Meeting Date
10/12/2009
Council Meeting Type
Regular
Resolution #
09-88
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• <br />• <br />ARTICLE III <br />POWERS <br />Notwithstanding any other provisions of these Articles of Incorporation, all of the <br />work of this corporation shall be carried on, and all funds of this corporation, whether <br />income or principal and whether acquired by gift or contribution or otherwise, shall be <br />used and applied exclusively for exempt purposes directly or indirectly benefiting this <br />corporation within the meaning of Section 501(c)(6) of the Code, and in such manner that <br />no part of the net earnings of this corporation will in any event inure to the benefit of any <br />Member, officer or director of this corporation or of any other corporation, organization, <br />foundation, fund or institution, or any other individual (except that reasonable <br />compensation may be paid for services rendered to or for this corporation in furtherance <br />of one or more of its purposes). <br />ARTICLE IV <br />INUREMENT OF INCOME <br />This corporation does not and shall not afford pecuniary gain incidentally or <br />otherwise to its members or any other organization or private individual. <br />ARTICLE V <br />DURATION <br />The duration of this corporation shall be perpetual. <br />ARTICLE VI <br />REGISTERED OFFICE <br />The registered office of this corporation shall be located at 11155 Robinson Drive, <br />Coon Rapids, MN 55433. <br />
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