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Continuation Sheet IV A <br /> (a) In addition to the powers granted to the corporation by chapter 180 of the <br /> Massachusetts General Laws, the corporation shall have and may exercise <br /> in furtherance of its corporate purposes each of the powers set forth in <br /> sections 9 and 9A of chapter 156B of the Massachusetts General Laws <br /> (except those set forth in paragraph (m) of section 9) provided, however, <br /> that no such power shall be exercised in a manner inconsistent with <br /> chapter 180 or any other chapter of the Massachusetts General Laws. <br /> (b) Notwithstanding anything else herein provided, the corporation is <br /> organized and shall be operated exclusively for purposes described in <br /> sections 170(c) and 501(c)(3) of the Code. All powers of this corporation <br /> shall be exercised only in such manner as will assure the operation of this <br /> corporation exclusively for said purposes, it being the intention that this <br /> corporation shall be exempt from federal income tax under section 501(a) <br /> of the Code as an organization described in section 501(c)(3) and that <br /> contributions to it shall be deductible pursuant to sections 170(a), 2055(a), <br /> and 2522 of the Code, and all purposes and powers herein shall be <br /> interpreted and exercised consistent with this intention. <br /> (c) The foregoing clauses shall be construed as both purposes and powers and <br /> the enumeration of specific powers therein shall not be held to limit or <br /> restrict in any manner the general powers of the corporation. <br /> (d) The income of the corporation for each taxable year shall be distributed at <br /> such time and in such manner as not to subject the corporation to tax under <br /> section 4942 of the Code. The corporation hereby is and shall be <br /> prohibited from engaging in any act of self-dealing (as defined in section <br /> 4941(d) of the Code), from retaining any excess business holdings (as <br /> defined in section 4943(c) of the Code) from making any investments in <br /> such manner as to subject the corporation to tax under section 4944, and <br /> from making any taxable expenditures (as defined in section 4945(d) of <br /> the Code). The provisions of this paragraph shall be inapplicable during <br /> any period for which there is in effect an Internal Revenue Service ruling <br /> that the corporation is not a "private foundation" within the meaning of <br /> section 509 of the Code. <br /> (e) In the event that Mashpec Housing Authority is dissolved; ceases to be a <br /> publicly-supported organization described in section 509(a)(1) or <br /> 509(a)(2) of the Code; or abandons or otherwise fails to perform its <br /> functions; then the directors of the corporation shall amend these Articles <br /> of Organization to substitute for the name of Mashpee Housing Authority, <br /> wherever such name appears herein, the name of another organization that <br /> is described in section 509(a)(1) or 509(ax2) of the Code and that <br /> possesses purposes substantially similar to those of Mashpee Housing <br /> Authority, and otherwise generally to reflect such substitution. <br /> - 2 - <br />