Real Property Transfer Agreement - Near Northwest Neighborhood Inc - Transfer of 823 N Harrison

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The corporation is orgOnized exc.LusiveiLy a ►_ ►•�-s.. -., . religious educational. r and scientific purposes, includin' ; fbr.... _ ,such purposes, the making of distributions to organizations that qualify as exempt organizations under section 501(c)(3) of the Internal Revenue Code of 1954 or the corresponding provision of any future United States Internal Revenue Law. No part of the net earnings of the Corporation shall inure to the benefit of, or be distributable to its members, trustees, officers, or other private persons, except that the Corporation shall be authorized and empowered to pay reasonable compensation fo-- au;:vices rundered and to make payments and distributions in furtherance of the purposes set forth in this article. No sub- stantial part of the activities of the Corporation shall be the carrying on of propaganda, or otherwise attempting to influence legislation, other than as permitted under the 1976 Tax Reform Act or the corresponding provision of any future United States Internal Revenue Law, and the Corporation shall not participate J.f{, 6J; 1CSl VGi►W ;la %iA►\:11.{%AJ.J►y 4AAC:i to 11L i.4 ii171iiy VA. u10411arM{.iv►► VA. statements) any political campaign on behalf.of any candidate for public office. Notwithstanding any other provisions of these articles, the Corporation shall not carry on any other activities not permitted to be carried on (a) by a corporation exempt from Federal income tax under section 501(c) (3) of the Internal Revenue Code of 1954 or the corresponding provision of any"future United States Internal Revenue Law or (b) by a corporation, contributions to which are deductible under section 170(c)(2) of the In Revenue Code of 1954 or the corresponding provision of- any, future United States Internal Revenue Law. In the event of dissolution of the Corporation, the board of directors shall, after payment of all liabilities of the Corporation, dispose of the assets of the Corporation, excl.usivel.y for the purposes of the. Corporation n in. ruck wannero or to svch o.rganiza.tions organi:red and operating exclusively for charitable, educational, religious or shall at t'.hc" + lliw gt,uilif " as an exempt or`g ni- yM,i.v(111der Sectµ..«,. ', ° t ccc,) ( ) of the Internal Reventm. 1954 or tea : corresponding provision of ,any future United State lAterna,l Revenuer Law and which is organized for purposes substantially similar to that of the Corporation.