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2002_0128_packet
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2002_0128_packet
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ARTICLE XI <br />Dissolution; Distribution of Assets <br />Upon dissolution of the corporation, its property and assets <br />shall be distributed in accordance with the laws of the State of <br />Minnesota: provided, however, that after the payment of all <br />liabilities and obligations of the corporation and all costs and <br />expenses incurred by the corporation in connection with its <br />dissolution, and subject to any condition or executory or special <br />limitation requiring, by reason of dissolution of the corporation, <br />the reversion, return, transfer, or conveyance of any property or <br />assets held by the corporation, any and all remaining property and <br />assets of the corporation shall be distributed exclusively for <br />charitable purposes within the meaning of section 501(c) (3) of the <br />Code, or to the Federal government or a state or local government <br />for a public purpose, or to one or more other organizations that <br />are organized and operated exclusively for charitable purposes <br />within the meaning of section 801(c)(8) of the Code, all in such <br />proportions as shall be determined (i) by the Board of Directors if <br />dissolution of the corporation is not required by the laws of the <br />State of Minnesota then in effect to be conducted under court <br />supervision, or (ii) otherwise by a court of competent jurisdiction <br />if such dissolution is subject to court supervision. In no event <br />shall any member, director, or officer of the corporation, in any <br />of such capacities, be entitled to any distribution of the property <br />or assets of the corporation upon its dissolution. <br />ARTICLE XII <br />First Directors <br />The number of directors <br />Directors of the corporation i <br />such directors are: <br />Name <br />Frank Rog <br />Joanne Cushman <br />Vern Johnson <br />Al Kehr <br />Bob Matson <br />constituting the first Board of <br />s five. The names and addresses of <br />Address <br />1589 Roselawn Avenue West <br />Roseville, Minnesota 55113 <br />1166 Sherren Street West <br />Roseville, Minnesota 55113 <br />1707 Lydia Avenue <br />Roseville, Minnesota 55113 <br />988 West County Road D <br />St. Paul, Minnesota 55126 <br />2774 Dellwood Avenue <br />Roseville, Minnesota 55113 <br />
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