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Last modified
7/17/2007 1:55:56 PM
Creation date
5/17/2005 1:05:04 PM
Metadata
Fields
Template:
Planning Files
Planning Files - Planning File #
3385
Planning Files - Type
Miscellaneous
Project Name
Local Development Corp
Applicant
City of Roseville
Status
Approved
Date Final City Council Action
4/15/2003
Additional Information
Approval of Local Development Corp and election of officers
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<br />AH'I'TCLES OF TNCOHPOHA'J'TON <br />OF <br />ROS.EVILLE LOCAL DEVELOPlvfENT CORPORI\TION <br /> <br />The undersigned, a natural person of full age, for the <br />purpose of forming a corporation under the provisions of the <br />Minnesota Nonprofit Corporation Act, Minnesota Statutes Chapter <br />317, and laws amendatory thereof and supplementary thereto, hereby <br />adopts the following Articles of Incorporation: <br /> <br />ARTICLE 1 <br /> <br />Name <br /> <br />The name of the corporation is: <br /> <br />[WSEVILLELOCAL DEVELOPfvlEN'l' COIWOHA'I'ION. <br /> <br />AI{TICLE 1 T <br /> <br />!~~~!::Q9_s e~ <br /> <br />The corporation is organized and shall be operated <br />exclusively [or charitable purposes, as such purposes are legally <br />defined; excluding, however, any purpose that is not exclusively <br />charitable within the meaning of sections l70(c) (2), 80l(c) (3), <br />2055(a) (2), and 2522(a) (2) of the Internal Hevenue Code of 1986, as <br />now enacted or hereafter amended (the "Code"). All references in <br />these Articles of Incorporation to a particular section of the Code <br />shall mean and include, as now enacted or as hereafter amended, <br />such section and any provisions of federal or state law as now are <br />or may hereafter be applicable, cognate to such section. <br /> <br />The corporation at all times shall be operated, supervised, <br />or controlled by or in connection with, as contemplated by section <br />509(a) (3) (8) of the Code, the City of Rosevillc, Minnesota (the <br />"City"), an organization described in section 509(a) (1) and <br />170(b) (1) (A) (v) of the Code. Subject to the foregoing and vlithin <br />the s c o'p e and i n fur the ran ceo f the c h a r ita b 1 e pur p 0 s e she rei n <br />provided, the corporation is organized and shall be operated <br />exclusively for the benefit of, to perform the functions of, nr tn <br />carry out the purposes of the City, as contemplated by section <br />509(a) (30(A) of the Code by directly or indirectly advancing, <br />supporting, promoting, conducting, administering, or engaging in <br />charitable activities, causes, projects, and programs of every kind <br />and nature related or contributing to the care of the aged, the <br />lessening of the burdens of government, the combating of community <br />deterioration, and the promotion of the social welfare througb <br />accomplishment of the foregoing. Specifically, but without <br />limitation, the corporation shall facilitate the access of low to <br />moderate income senior citizens of the City to sound, affordable <br />
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