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r. <br /> for the payment of all liabilities, costs and expenses, dispose of all the assets <br /> • of the Corporation exclusively for the purposes of the Corporation in such manner, <br /> or to such one or more organizations organized and operated exclusively for <br /> charitable, scientific, literary or educational purposes as shall at the time <br /> qualify as exempt under Section 501(c)3 of the Internal Revenue Code of 1954 as <br /> now enforced, or as it may hereafter be amended or supplemented, as the Board of <br /> Directors shall determine. Should any of the assets of the Corporation not be <br /> disposed of by the Board of Directors as hereinbefore provided, such assets shall <br /> be disposed of the the court of competent jurisdiction of the county in which the <br /> registered office of the Corporation is then located, exclusively for such purposes <br /> or to such organization or organizations as the said court shall determine which <br /> are organized and operated exclusively for such purposes. <br /> ARTICLE 12. <br /> LIMITATION OF ACTION <br /> 12.1) Limitation of Action - Notwithstanding any other provision of these <br /> Articles of Incorporation or of any adopted Bylaw, the Corporation shall not take <br /> any action or carry on any activity not permitted to be taken or carried on by <br /> an organization exempt under Section 501(c)3 of the Internal Revenue Code of 1954 <br /> as now enforced or as it may hereafter be amended or supplemented. The Corporation <br /> shall not take any action or carry on any activity not permitted to be taken or <br /> carried on by ,an organization, contributions to which are deductible under Section <br /> 170(c)(2) of such code as now in force, or as it may hereafter be amended or. <br /> supplemented. <br /> • IN WITNESS WHEREOF, we have subscribed our names hereto on this day of <br /> President Executive Secretary <br /> STATE OF MINNESOTA <br /> ss. <br /> COUNTY OF RAMSEY <br /> The foregoing instrument was acknowledged before me this day of <br /> by the President of the White Bear Community <br /> Foundation. <br /> STATE OF MINNESOTA <br /> ss. <br /> COUNTY OF RAMSEY <br /> The. foregoing instrument was acknowledged before me this day of <br /> • , by , the Executive Secretary of the White Bear <br /> Community Foundation.. <br /> s <br /> N <br /> 4. <br />