Grace Bylaws - A1. Statement of Purpose Article Index A1. Statement of Purpose B1. Organizational Structure C1. Mission Statement D1. Powers of the Congregation E1. Membership F1. The Pastor G1. Records H1. Congregational Meetings I1. Duties of Officers J1. Number of Members of the Board of Directors K1. Non-Voting Members of the Board of Directors L1. Duties of a Board Member M1. Nominating Committee N1. Organizations Within the Congregation Page 1 of 14 Community of Grace Lutheran Church Bylaws (Adopted March, 2005) A1. Statement of Purpose A1.01. This Corporation is not organized, nor shall it be operated for pecuniary gain or profit, and it does not contemplate distribution of gains, profits or dividends to the members thereof and is organized solely for non-profit purposes. The property, assets, profits and net income of this Corporation are irrevocably dedicated to charitable and religious purposes and no part of the profits or net income of this corporation shall ever inure to the benefit of a director, officer, or member thereof or to the benefit of any private shareholder or individual. Upon the dissolution or winding up of this corporation, its assets remaining after payment of, or provision for payment of, all debts and liabilities of the corporation, shall be distributed to a non-profit fund, foundation, or corporation, which is organized and operated exclusively for charitable and religious purposes and which has established its tax exempt status under the Code of the State of Arizona, and/or Section 501(c)(3) of the Internal Revenue Code. If this corporation holds any assets in trust, such assets shall be disposed of in such a manner as may be directed by decree of the superior court of the county in which this corporation’s principal office is located, upon petition therefore by the Attorney General or by any person concerned in the liquidation. Prev - Next >>   [ Back ]