8021.2 REV-1

APPENDIX 3

EXAMPLE OF ARTICLES OF INCORPORATION FOR RESOURCE BOARD

FIRST: I,\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ , whose post
office

address is \_\_\_\_\_\_\_\_\_\_\_\_, \_\_\_\_\_\_\_\_\_\_\_\_,
\_\_\_\_\_\_\_\_\_\_\_\_,

\_\_\_\_\_\_\_\_\_\_\_\_,

being at least eighteen (18) years of age, am hereby forming a

corporation under and by virtue of the General Laws of the State

of \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_.

SECOND: The name of the Corporation (which is hereafter

called the \"Corporation\"), is COMMUNITY HOUSING RESOURCE BOARD,

INC.

THIRD: The purposes for which the Corporation is formed

are:

\(a\) The Corporation is organized exclusively for

educational and charitable purposes, including, for such

purposes, the making of distributions to organizations that

qualify as exempt organizations under Section 501(c)(3) of the

Internal Revenue Code of 1954 (or the corresponding provision of

any future United States Internal Revenue Law) and, more

specifically to receive and administer funds for such charitable

and educational purposes, all for the public welfare and for no

other purposes, and to that end to take and hold, by bequest,

devise, gift, purchase, or lease, either absolutely or in trust

for such objects and purposes or any of them, and property,

except such limitations, if any, as may be imposed by law; to

sell, convey, and dispose of any such property and to invest and

reinvest the principal thereof, and to deal with and expend the

income therefrom for any of the before-mentioned purposes,

without limitation, except such limitations, if any, as may be

contained in the instrument under which such property is

received; will receive such property, real, personal or mixed, in

trust, under the terms of any will, deed or trust, or other trust

instrument for the foregoing purposes of any of them, and in

administering the same to carry out the directions, and exercise

the powers contained in the trust instrument under which the

property is received, including the expenditure of the principal

as well as the income, for one or more of such purposes, if

authorized or directed in the trust instrument under which it is

received, but no gift, bequest or device of any such property

shall be received and accepted if it be conditioned or limited in

such manner as shall require the disposition of the income or its

principal to any person or organization other than a \"charitable

organization\" or for other than \"charitable purposes\" within the

meaning of such terms as defined in Article NINTH of these

Articles of Incorporation, or as shall in the opinion of the

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8021.2 REV-1

APPENDIX 3

Board of Directors, jeopardize the federal income tax exemption

of the Corporation pursuant to Section 501(c)(3) of the Internal

Revenue Code of 1954, as now in force or afterwards amended to

receive, take title to, hold, and use the proceeds and income of

stocks, bonds, obligations, or other securities of any

corporation or corporations, domestic or foreign, but only for

the foregoing purposes, or some of them; and, in general, to

exercise any, all and every power for which a non-profit

corporation organized under the applicable provisions of the

Annotated Code of \_\_\_\_\_\_\_\_\_\_\_\_\_ for scientific,
educational, and

charitable purposes, all for the public welfare, can be

authorized to exercise, but only to the extent the exercise of

such powers are in furtherance of exempt purposes.

\(b\) 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

THIRD 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 Corporation 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

provision of these Articles, the Corporation shall not carry on

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 of 1954 (or the

corresponding provision of any future United States Internal

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

State Internal Revenue Law).

\(c\) Included among the educational and charitable purposes

for which the Corporation is organized, as qualified and limited

by subparagraphs (a) and (b) of this Article THIRD are the

following:

To facilitate the purchase of real property and the rental

of real property by minority buyers and renters, to enable

minority buyers and renters to have a free choice in their

housing location, to diminish and eradicate discrimination in the

acquisition, disposition and rental of all real property, to

encourage and assist in the implementation of Federal, State and

local fair housing laws and the Constitution of the United States

and generally to advertise, canvass, develop educational

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8021.2 REV-1

APPENDIX 3

materials and training courses, enter into affirmative marketing

for homesellers and renters and to cooperate with the Department

of Housing and Urban Development with regard to the foregoing.

FOURTH: The post office address of the principal Office of

the Corporation in this State is
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_,

\_\_\_\_\_\_\_\_\_. The Name and post office address of the Resident

Agent of the Corporation in this State is
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_,

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_. Said Resident Agent is an individual
actually

residing in this State.

FIFTH: The Corporation is not organized for profit; it

shall have no capital stock and shall not be authorized to issue

capital stock. The number of qualifications for, and other

matters relating to its members shall be set forth in the By-Laws

of the Corporation.

SIXTH: The number of Directors of the Corporation shall be

six (6), which number may be increased or decreased pursuant to

the By-Laws of the Corporation, but shall never be less than

three (3). The names of the Directors, who shall act until the

first annual meeting or until their successors are duly chosen

and qualified, are: \_\_\_\_\_\_\_\_\_\_\_\_, \_\_\_\_\_\_\_\_\_\_\_\_,
\_\_\_\_\_\_\_\_\_\_\_\_,

\_\_\_\_\_\_\_\_\_\_\_\_\_, \_\_\_\_\_\_\_\_\_\_\_\_, and
\_\_\_\_\_\_\_\_\_\_\_\_.

SEVENTH: Upon the dissolution of the Corporation\'s affairs

or upon the abandonment of the Corporation\'s activities due to

its impracticable or inexpedient nature, the assets of the

Corporation then remaining in the hands of the Corporation shall

be distributed, transferred, conveyed, delivered and paid over to

any other charitable organization (as hereinafter defined) of

this or any other State, having a similar or analogous character

or purpose, in some way associated with or connected with the

Corporation to which the property previously belonged.

EIGHTH: The Corporation may by its By-Laws make any other

provisions or requirements for the arrangement or conduct of the

business of the Corporation, provided the same be not

inconsistent with these Articles of Incorporation nor contrary to

the laws of the State of \_\_\_\_\_\_\_\_\_\_\_\_ or of the United
States.

NINTH: In these Articles of Incorporation,

\(a\) References to \"charitable organizations\" or

\"charitable organization\" mean corporations, trusts, funds,

foundations or community chests created or organized in the

United States or in any of its possessions, whether under the

laws of the United States, any state or territory, the District

of Columbia, or any possession of the United States, organized

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8021.2 REV-1

APPENDIX 3

and operated exclusively for charitable purposes, no part of the

net earnings of which inures or is payable to or for the benefit

of any private shareholder or individual, and no substantial part

of the activities of which is carrying on propaganda or otherwise

attempting, to influence legislation and which do not participate

in, or intervene in (including the publishing or distributing of

statements), any political campaign on behalf of any candidates

for public office. It is intended that the organization

described in this Article NINTH shall be entitled to exemption

from federal income tax under Section 501(c)(3) of the Internal

Revenue Code of 1954, as now in force or afterwards amended.

\(b\) The term \"charitable purposes\" shall be limited to and

shall include only religious, charitable, literary, or

educational purposes within the meaning of the terms used in

Section 501(c)(3) of the Internal Revenue Code of 1954 but only

such purposes as also constitute public charitable purposes under

the laws of the United States, any state or territory, the

District of Columbia, or any possession of the United States.

TENTH: (a) The Corporation shall distribute its income

for each taxable year at such time and in such manner as not to

become subject to the tax on undistributed income imposed by

Section 4942 of the Internal Revenue Code of 1954, or

corresponding provisions of any subsequent federal tax laws.

\(b\) The Corporation shall not engage in any act of

self-dealing as defined in Section 4941(d) of the Internal Revenue

Code of 1954, or corresponding provisions of any subsequent

federal tax laws.

\(c\) The Corporation shall not retain any excess business

holdings as defined in Section 4943(c) of the Internal Revenue

Code of 1954, or corresponding provisions of any subsequent

federal tax laws.

\(d\) The Corporation shall not make any investments in such

manner as to subject it to tax under Section 4944 of the Internal

Revenue Code of 1954, or corresponding provisions of any

subsequent federal tax laws.

\(e\) The Corporation shall not make any taxable

expenditures as defined in Section 4945(d) of the Internal

Revenue Code of 1954, or corresponding provisions of any

subsequent federal tax laws.

IN WITNESS WHEREOF, I have signed these Articles of

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8021.2 REV-1

APPENDIX 3

Incorporation, this \_\_\_\_\_\_ day of \_\_\_\_\_\_\_\_\_\_\_\_\_\_,
and I acknowledge

the same to be an act.

WITNESS:

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

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