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ARTICLES OF INCORPORATION
Article I
A. The name of this corporation is Wind Wizards Landsailing Club, Inc. The filing of these articles hereby incorporates the unincorporated association, Wind Wizards Landsailing Club.
Article II
A. This Corporation is a nonprofit MUTUAL BENEFIT CORPORATION organized under the Nonprofit Mutual Benefit Corporation Law. The purpose of this corporation is to engage in any lawful act or activity, other than credit union business, for which a corporation may be organized under such law. Consequently, this organization does not contemplate pecuniary gain or profit to its members and is organized for nonprofit purposes.
B. The specific purpose of this corporation is to promote, develop and participate in landyacht sailing, racing, design, construction, and club organization on a local, regional, national and international scale through the application of club resources, positive relationships, good conduct, education and outreach events subject to the limitations of California Revenue and Taxation Code Section 23701(g), and Internal Revenue Code 501(c)(7).
Article III
A. The name and address in the State of California of this corporation's initial agent for service of process is
Name: Michael Singer Address : 3331 W. Avenue L-2
City : Lancaster State: California Zip: 93536-4122
Article IV
A. Notwithstanding any of the above statements of purposes and powers, this corporation shall not, except to an insubstantial degree, engage in any activities or exercise any powers that are not in furtherance of the specific purposes of this corporation.
B. If this organization holds any event(s) to which the general public is invited to observe or participate in for a fee, the income from the general public, less a proportional share of the expenses which will not benefit members, will be paid over to an organization, which is exempt from income tax under IRC Section 501(c)(3), on an annual basis.”
C. Upon the dissolution of Wind Wizards Landsailing Club, Inc. all assets shall be distributed to another qualified 23701(g) or 501(c)(7) corporation with the same or similar purpose, or to one or more charitable organizations so qualified under IRC 501(c)(3).
________________________________________ Date: _____________
Incorporator : Michael J. Singer, President
Wind Wizards Landsailing Club
Pursuant to Section 7121 of the California Corporations Code, we, the undersigned officers of the Wind Wizards Landsailing Club, do hereby verify that the creation and filing of these articles of incorporation has been duly approved by its members in accordance with its rules and procedures.
________________________________________ Date: _____________
JoAnn Cunningham, Secretary
Wind Wizards Landsailing Club
________________________________________ Date: _____________
Louise Egley, Treasurer
Wind Wizards Landsailing Club
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