IRS Addendum to Society Bylaws
1. The Society is organized exclusively for educational and scientific purposes, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under Section 501© (3) of the Internal Revenue Code (or the corresponding provisions of any future United States Internal Revenue Law).
2. No part of the net earnings of the Society shall inure to the benefit of, or be distributable to its members, trustees, directors, officers or other private persons, except that the Society shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the purpose set forth in Article VI above.
3. No substantial part of the activities of the Society shall be the carrying on of propaganda, or otherwise attempting to influence legislation, and the Society shall not participate in, or intervene in (including the publishing or distribution of statements) any political campaign on behalf or any candidate for public office.
4. Notwithstanding any other provision of these articles, the Society shall not carry on any other activities not permitted to be carried on (a) by a corporation/organization exempt to Federal income tax under Section 501© (3) of the Internal Revenue Code (or the corresponding provisions of any future United States Internal Revenue Law).
5. Upon dissolution of the Society, the Board of Directors/Trustees shall, after paying or making provision for the payment of all of the liabilities of the Society, dispose of all of the assets of the Society exclusively for the purposes of the Society in such manner, or to such organization(s) organized and operated exclusively for educational, or scientific purposes as at the time shall qualify as an exempt organization(s) under Section 501© (3) of the Internal Revenue Code (or the corresponding provisions of any United States Internal Revenue Law), as the Board of Directors/Trustees shall determine. Any such assets not so disposed of shall be disposed of by the Court of Common Pleas of the County in which the principal office of the corporation/organization is then located, exclusively for such purposes or to such organization(s), as said Court shall determine, which are organized and operated exclusively for such purposes.
