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  • MD Chapter TACF
    shall have the power to carry on the affairs of the Chapter at such other places as they may from time to time designate Article V General Powers This chapter is organized exclusively to promote charitable educational and scientific purposes and to do all things as may be necessary and proper to carry out any of the foregoing purposes for which the Chapter is organized Article VI This Chapter shall have no capital stock and no seal No part of the net earnings of the Chapter shall inure to the benefit of or be distributable to its Directors Officers or other private persons except that the Chapter shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the purposes set forth in Article V hereof Subject to the provisions of Section 501 of the Internal Revenue Code of 1954 as amended governing expenditures by public charities to influence legislation no substantial part of the activities of the Chapter shall be the carrying on of propaganda or other attempting to influence legislation and the Chapter shall not participate or intervene in any political campaign on behalf of any candidate for public office Notwithstanding any other provision of these Articles the Chapter shall not carry on any activities not permitted to be carried on by 1 an organization exempt from federal income tax under Section 501 c 3 of the Internal Revenue code of 1954 as amended or the corresponding provision of any future United States internal revenue law 2 an organization contributions to which are deductible under Section 170 c 2 of the Internal Revenue Code of 1954 as amended or the corresponding provision of any future United States internal revenue law or 3 and as a charitable religious eleemosynary benevolent or educational corporation within Maryland laws as amended Article VII No Director or Officer of the Chapter shall in any way be personally liable or responsible for any debt or obligation incurred by or on behalf of or imposed upon the Chapter Article VIII A Board of Directors consisting of not less than three 3 persons shall manage the affairs of the Chapter The Chapter shall have such members and such classes of membership as may be specified from time to time in the Chapter s Bylaws The Board of Directors shall be elected from time to time in the manner provided in the Bylaws Article IX Upon dissolution of the Chapter the Board of Directors shall after paying or making provision for the payment of all liabilities of the Chapter dispose of all the assets of the Chapter exclusively for the purposes of the Chapter in such manner or to such organization or organizations organized and operated exclusively for charitable religious educational and scientific purposes as shall at the time qualify as an exempt organization or organizations under Section 501 c 3 of the Internal Revenue Code of 1954 or the corresponding provision of any future United States

    Original URL path: http://www.mdtacf.org/chapterinfo/constitution.htm (2016-04-30)
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