Real Property Transfer Agreement - South Bend Heritage Foundation - 912 W Oak Street

Home Browse Search

D. Promotion of Low Income and Aff'ordalrle flousing. To employ the corporate organization of the Foundation in furtherance of its charitable purpose by promoting low income and affordable horsing thus minimizing displacement and gentrification which often accompanies the revitalization of historic areas and districts. Section�1.5. The exact text of Article 11, Section 1F, of the Articles, as amended, supersedes and takes the place of the previously existing Article 11, Section L of the Articles of the Corporation and is as follows: E. Aatci�l'aarpc ;»c s. To employ the corporate organization of the Foundation in furtherance of its cclucational and charitable purposes by cooperating with and assisting the United States of America, the State of Indiana, St. Joseph county, and the City of South Bend, and the various commissions, governmental bodies, officials, and employees of such governments in carrying out the purposes for which the Foundation is organized; and to cooperate with or affiliate with other charitable, educational, historical, cultural, civic or municipal associations, corporations, or groups organized for and carrying out any one or more of the purposes for which the Foundation is organized; to do everything necessary for the accomplishment of any of the purposes herein set forth and to do all things which are allied with or incidental to the foregoing, which are not forbidden by the Act, by other law, or by these Articles. Section 1.6. The exact text of Article 1I, Section II of the Articles, as amended, supersedes and takes the place of the previously existing Article 1I, Section H of the Articles of the Corporation and is as follows: H. Specific Powers. Subject to any specific written limitations imposed by the Act, by other law, or by these Articles of Incorporation and solely in furtherance of, but not in addition to, the corporate purposes, as stated in paragraphs A through F, the Foundation shall have the following specific powers: (1) f sapkwc;it to Aa:. To have the capacity to act possessed by natural persons, but to have authority to perform only such acts as are necessary to accomplish the corporate purposes, as stated in paragraphs A through F, and such as are not repugnant to law. (2) To Appoint Officers tartan Acuts. To elect or appoint officers and agents of the Foundation and define their duties and fix their compensation. (3) To Act as Ag,elit. To act as agent or representative for any individual, association, corporation, trust, statutory commission, or other legal entity, respecting any business, the purpose of which is similar to the corporate purposes as stated in paragraphs A through F. —2—