{"content":[{"text":"activity not permitted to be carried on by a corporation \n der Section 501(c)(3) of the Internal Revenue Code of \n sponding provisions of any future federal tax law.","bbox":{"left":0.117647,"top":0.092559,"width":0.42957300000000004,"height":0.054657999999999984}},{"text":"exempt from federal income tax un- \n 1986, as amended, or the corre-","bbox":{"left":0.588216,"top":0.092559,"width":0.28269200000000005,"height":0.035718}},{"text":"Section 2.05 Limitations on the Making of Grants and Disbursement of Funds. \n (a) The making of grants and contributions and otherwise rendering financial \n assistance for the purposes expressed in the governing instruments of the \n Corporation are within the exclusive power of the Board of Directors. ","bbox":{"left":0.176471,"top":0.168316,"width":0.6628259999999999,"height":0.07568899999999998}},{"text":"(b) In furtherance of the Corporation’s purposes, the Board of the Directors \n shall have the power to make grants to any organization organized and operated \n exclusively for charitable, religious or educational purposes within the meaning of \n Section 501(c)(3). (c) \n The Board of Directors shall review all requests for funds from other \n organizations and shall require that such requests specify the use to which the \n funds will be put. ","bbox":{"left":0.117647,"top":0.264276,"width":0.7430429999999999,"height":0.153972}},{"text":"(d) If the Board of Directors approves a request, the Board of Directors shall \n authorize payment of such funds to the approved grantee. ","bbox":{"left":0.235294,"top":0.438518,"width":0.599997,"height":0.037810999999999984}},{"text":"(e) The Board of Directors shall require that the grantees furnish a periodic \n accounting to show that the funds were expended for the purposes which were \n approved by the Board of Directors. ","bbox":{"left":0.176471,"top":0.497862,"width":0.673,"height":0.05674899999999994}},{"text":"(f) The Board of Directors may, in its absolute discretion, refuse to make any \n grants or contributions or otherwise render financial assistance to or for any or all \n the purposes for which funds are requested. ","bbox":{"left":0.176471,"top":0.574882,"width":0.698577,"height":0.05674999999999997}},{"text":"(g) After the Board of Directors has approved a grant to another organization \n for a specific purpose or project, the Corporation may solicit funds for the grant to \n   the specifically approved project or purpose of the other organization. \n (h) The Board of Directors retains exclusive powers to refuse any conditional or \n   earmarked contributions. \n (h) Notwithstanding the foregoing provisions, the Board of Directors shall at \n all times have the right to withdraw approval of the grant and use the funds for \n other charitable, religious or educational purposes. ","bbox":{"left":0.117647,"top":0.653165,"width":0.762867,"height":0.19563799999999998}},{"text":"�2","bbox":{"left":0.495098,"top":0.937256,"width":0.00980399999999998,"height":0.01677899999999999}}],"images_bbox":[],"images_bbox_not_text_overlap":[]}