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ARTICLES OF INCOPORATION
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SANTA ANA EMPOWERMENT CORP.
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ARTICLES OF INCOPORATION
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Last modified
1/3/2012 1:11:31 PM
Creation date
4/25/2003 5:32:09 PM
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City Clerk
Doc Type
Minutes
Date
9/22/1999
Notes
Articles of Incorporation
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(c) The location of the principal place of business and name and address of the <br />agent for service of process may be changed as the Board may determine from <br />time to time, provided only that such addresses shall remain within the State of <br />California. <br /> <br />Article 4: Tax Exempt Status. <br /> <br />(a) No substantial part of the activities of this corporation shall consist of <br />lobbying or propaganda, or otherwise attempting to influence legislation, except as <br />provided in Internal Revenue Code section 501 (h); the corporation shall not <br />participate nor intervene in (including publishing or distributing statements) any <br />political campaign on behalf of any candidate for public office. <br /> <br />(b) All corporate property is irrevocably dedicated to the purposes set forth in <br />Article 2 of these Articles. No part o£the net earnings of this corporation shall <br />inure to the benefit of any of its directors, trustees, officers, private shareholders or <br />members, or to individuals. <br /> <br />(c) On the winding up and dissolution of this corporation, after paying or <br />adequately providing for the debts, obligations, and liabilities of the corporation, <br />the remaining assets of this corporation shall be distributed to such organization <br />(or organizations) organized and operated exclusively for charitable purposes <br />which has established its tax-exempt status under Internal Revenue Code section <br />501 (c)(3) or the corresponding provision of any future United States internal <br />revenue law, and which has established its tax-exempt status under Revenue and <br />Taxation Code section 2370 ld or the corresponding section of any future <br />California revenue and tax law, including but not limited to a local government. <br />This organization shall be the City of Santa Ana, a charter city, if it qualifies as a <br />distributee under the terms and conditions of this Article. <br /> <br />(d) This corporation shall distribute its income for each tax year at such time <br />and in such manner as not to become subject to the tax on undistributed income <br />imposed by Internal Revenue Code section 4942 or by corresponding provision of <br />any later adopted federal tax laws. <br /> <br />(e) This corporation shall not engage in any act of gelf-dealing as defined in <br />Internal Revenue Code section 4941 (d) or in corresponding provisions of any later <br />adopted federal tax law. <br /> <br />(f) This corporation shall not retain any excess business holding as defined in <br />Internal Revenue Code section 4943(c) or in corresponding provisions of any later <br />adopted federal tax law. <br /> <br /> <br />
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