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ARTICLES OF INCORPORATION OF INTERNATIONAL SNOWMOBILE HALL OF FAME (ISHOF) We, the undersigned, for the purpose of forming a corporation under and pursuant to the provisions of Chapter 317 Minnesota Statutes known as the Minnesota Non-Profit Corporation Act, do hereby associate ourselves, together as a body corporate and adopt the following Articles of Incorporation. ARTICLE I The name of this corporation shall be: INTERNATIONAL SNOWMOBILE HALL OF FAME hereinafter referred to as ISHOF. ARTICLE II The primary and sole purpose of this corporation, is exclusively charitable and educational, within the meaning of Section 501(c) (3) of the Internal Revenue Code of 1954 (or the corresponding provisions of any future United States internal Revenue Law). ARTICLE III The purpose of this corporation shall be to promote the recognitions of the recreational and historical aspects of the sport of snowmobiling, establishing and sustaining a museum exhibiting the evolution of snowmobiles and their uses, interpreting the development of the snowmobile and its related industries, encouraging participation in snowmobiling and other winter activities, interpreting and advancing education and safety in the sport of snowmobiling, securing and administering funding necessary to accomplish stated purpose. The corporation shall recognize individual achievements in the sport of snowmobiling. Regular inductions into the International Snowmobile Hall of Fame, may come from the following categories: 1. Inventors, designers and manufacturers ARTICLE IV This corporation shall not afford pecuniary gain, incidentally, or otherwise. ARTICLE V The duration of this corporation shall be perpetual. ARTICLE VI The location of the Registered Office of this corporation shall be: Rt. 2, Box 364 The mailing address for said corporation shall be: Rt. 2, Box 364 The names and addresses of each incorporator of this corporation are: Rt. 2, Box 364 Bovey, MN 55709 Allen Butterfield Rt. 2, Box 28 Bovey, MN 55709 Les Ollila 715 6th Ave. NE Grand Rapids, MN 55744 Paul Vanderlinde 621 6th Ave. NE Grand Rapids. MN 55744 Rich Beckner Rt. 2, Box 84 Bigfork, MN 56628 Clem J. Lehrer RR 2 - Box 85 Bigfork, MN 56628 John Roessler 108 15th St. SW Grand Rapids, MN 55744 The First Board of Directors of this corporation shall be not less than three (3) nor more than nine (9) and the tenure in office of such Board shall be one (1) year. The members of the corporation may provide for the election of Directors in alternating years as they so desire in the By-Laws. The first Board of Directors shall consist of seven (7) members. The name and address of each such Director is: Rt. 2, Box 364 Bovey, MN 55709 Allen Butterfield Rt. 2, Box 28 Bovey, MN 55709 Les Ollila 715 6th Ave. NE Grand Rapids, MN 55744 Paul Vanderlinde 621 6th Ave. NE Grand Rapids, MN 55744 Rich Beckner Rt. 2. Box 84 Bigfork, MN 56628 Clem J. Lehrer RR 2 Box 85 Bigfork, MN 56628 John Roessler 108 15th St. SW Grand Rapids, MN 55744 There shall be no personal liability of the members, officers, directors or incorporators of this corporation, either individually, jointly or severally for each, any or all obligations or actions of this corporation or members, officers, directors or incorporators, acting individually, jointly or severally, whether for a corporate purpose or otherwise, regardless of whether such obligation or action is fixed or contingent or whether contractual, tortuous, willful, malicious or intentional. ARTICLE X This corporation shall have no capital stock. ARTICLE XI No part of the net earnings of the corporation shall inure to the benefit of or be distributable to its members, directors, officers, or other private persons, except that the corporation 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 III hereof. No substantial part of the activities of the corporation shall be the carrying on of propaganda, or otherwise attempting to influence legislation, and the corporations shall not participate in, or intervene in (including the publishing or distribution of statements) any political campaign on behalf of any candidate for public office. Notwithstanding any other activities not permitted to be carried on (A) by a corporation exempt from Federal Income Tax under Section 501 (c) (3) of the Internal Revenue Code (or the corresponding provision of any future United States Revenue Law), or (B) by a corporation, contributions to which are deductible under Section 170 (c) (2) of the internal Revenue Code of 1954 (or the corresponding provision of any future United States Revenue Law). ARTICLE XII Upon the dissolution of the corporation, the Board of Directors shall, after paying or making provisions for the payment of all of the liabilities of the corporation, dispose of all of the assets of the corporation exclusively for the purposes of the corporation, in such manner, or to such organization or organizations organized and operated exclusively for charitable, educational, religious or 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 corresponding provision of any future United States Internal Revenue Law), as the Board of Directors shall determine. Any of such assets not so disposed of shall be disposed of by the District Court of the County in which the principal office of the corporation is then located, exclusively for such purpose or to such organization or organizations, as said Court shall determine, which are organized and operated exclusively for such purposes. | |
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