HomeMy WebLinkAboutWRF Articles of Incorporation✓h�G
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RECORDED AND VERIFIED
REBECCA P. TUCKER
REGISTER OF VrEDS
OCT 3 3 oo P19 '88
State of
North .3 ft, ou,-M
Carolina
►nnr 20. r�
43.2 I1',u73
Department
of the
Secretary of State
To all to whom these presents shall come, Greeting:
I, Thad Eure, Secretary of State of the State of
North Carolina, do hereby certify the following and
hereto attached( 3 sheets) to be a true copy of
ARTICLES OF INCORPORATION
"79 OF
WILMINGTON REALTORS FOUNDATION
and the probates thereon, the original of which was
filed in this office on the 28th day of September I988 ,
after `ter having been found to conform to law.
In Witness Whereof, I have hereunto set my hand
and affixed my official seal.
Done in Office, at Raleigh, this 28th day
f September in the year of our Lord 19 88 -
RETURNED T04
BGUIt PAGE
1432 I U 7 4 ARTICLES OF
(V
WIUCMUTM REaTRM.S FOUMDATIM
The undersigned, being of the age of eighteen (18) years or more, does
hereby make and acknowledge these Articles of Incorporation for the purpose of
forming a non-profit corporation under and by virtue of the laws of the State of
North Carolina: -•
1. The name of the Corporation is WILMINGTON REALTORS FOUNDATION.
2. The period of the Corporation is perpetual.
3. The purposes for which the Corporation is organized are:
a. The Corporation is organized and shall be operated to receive
and/or maintain a fund or funds of real or personal property, or both, and _
subject to the restrictions and limitations hereinafter set forth, to use and
apply the whole or any part of the income therefrom and the principal thereof
exclusively for charitable or educational purposes (including the endowment and
financing of any charitable or educational projects either directly or
indirectly by contributions of such organizations that qualify as exempt
organizations under Section 501(c)(3) of the Internal Revenue Code).
b. In addition to the stated purposes for the Corporation, the
Corporation will have the following additional purposes. In general, to do and
perform such acts, activities and things, and transact such business and to
enter into any and all types of acts, activities and business not inconsistent
with the purposes for which the Corporation is organized, and not inconsistent
with the By -Laws of the Corporation in any fashion, 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 or the
corresponding provisions of any future united States Internal Revenue laws. The
Corporation is not organized for profit;
c. Upon the dissolution of the Corporation, assets shall be
distributed for one or more exempt purposes within the meaning of Section
501(c)(3) of the Internal Revenue Code, or coresponding section of any future
federal tax code, or shall be distributed to the federal government, or to a
state or local government, for a public purpose. Any such assets not so
disposed of shall be disposed of by the Superior Court of the county in which
the principal office of the Corporation is then located, exclusively for such
purposes or to such organization or organizations, as said Court shall
determine, which are organized and operated exclusively for such purposes; and
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1 4 3 2
1 O % E
In general,
to do and perform such acts, activities
and things,
and
transact
such business
and to enter into any and all types of
acts,
activities and business which are not inconsistent with the charitable,
religious, educational and/or scientific purposes for which this Corporation is
organized, and not inconsistent with the By -Laws of the Corporation in any
fashion.
4. The Corporation shall have no members.
5. The Directors of the Corporation shall be elected in the manner
provided in the By -Laws.
6. No part of the net earnings of the Corporation shall inure to the
benefit of, or be distributable to its members, trustees, 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 Three 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) of
the Internal Revenue Code, or corresponding section of any future federal, tax
code, or (b) by a corporation, contributions to which are deductible under
Section 170(c)(2) of the Internal Revenue Code, or corresponding section of any
future federal tax code.
7• the address of the initial registered office of the Corporation in the
N e✓ 14" pre-" C r
State of North Carolina is 4918 Wrightsville Avenue, Wilmington,i North Carolina
28403, and the name of the registered agent at such address is Doris H. Kesler.
8. The number of Directors constituting the initial Board of Directors
shall be five (5) and the names and addresses of the persons who are to serve as
the initial Directors are:
NAME ADDRESS
Robert D. Bryant 119 Cavalier Drive
Wilmington, North Carolina 28403
John W. Pierson 4809 College Acres Drive
Wilmington, North Carolina 28403
Charlene Efting 6651 Tidewater Lane
Wilmington, North Carolina 28403
Sandra S. Lewis Masonboro Loop Road
Wilmington, North Carolina 28403
H. Carlton Fisher 2808 Princess Place Drive
Wilmington, North Carolina 28405
Bout' iIAOE
1432 1 U 7 6
9. The name and address of the Incorporator is William Robert Cherry, Jr.,
14 South Fifth Street, P. 0. Drawer 2088, Wilmington, North Carolina, 28402.
IN WITNESS WHEREOF, I have hereunto set my hand and seal, this ther--2ti day
of 1988.
r / '
STATE OF NORTH CAROLINA
COUNPY OF NEW HANOVER
I, —K• 4)�g _ , a Notary Public, do hereby certify
-01
that WILLIAM ROBERT CHERRY, JR., personally appeared before me this (� day
of ` 988, and acknowledged the due execution of the foregoing
ARTICLES OF INCORPORATION.
PUBLIC
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