Articles of Incorporation - page 2

and wheresoever situated;

  • to sell, exchange, convey, mortgage, lease, transfer, of otherwise dispose of, any such property, both real and personal, as the objects and purposes of the Corporation may require, subject to such limitations as may be prescribed by law;

  • to invest and reinvest its funds in such stock, common or preferred, bonds, debentures, mortgages or in such other securities and property as its Board of Trustees shall deem advisable, subject to the limitations and conditions contained in any bequest, devise, grant or gift;
  1. to make contributions of gifts, from principal and/or income, in such amount and at such times as the Board of Trustees, in its sole and absolute discretion, shall determine, either for the above-mentioned purposes, or to corporations or trusts which shall have been determined under the Internal Revenue Code of the United States to have been organized and operated exclusively for charitable, scientific, literary or educational purposes, no part of the net earnings or net income of which inures to 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 does not participate in, or intervene in (including the publishing or distributing of statements), any political campaign on behalf of any candidate for public office;

  2. to make contributions and gifts, from principal and/or income, in such amounts and at such times as the Board of Trustees, in its sole and absolute discretion, shall determine, to foster intellectual growth and excellence and the improvement and development of capabilities through the granting of scholarships to schools and colleges, including post-graduate work and courses, and by other means, to deserving young men and women selected by the Board of Trustees, in its said discretion;

  3. to provide funds by appropriate methods and procedure and solicit donations so as to accumulate sufficient funds to cover all expenses in connection with the operations and activities herein contained and referred to;

  4. to hire any personnel necessary for the successful operation of any of the aforesaid activities;

  5. to make contacts, incur liabilities and borrow money; and to do every other act or thing not inconsistent with law, which may be appropriate to promote and attain the objectives and purposes heretofore set forth.

In order to accomplish the foregoing purposes, the Corporation shall likewise have such powers as may from time to time be conferred upon it by law.

FIFTH: The Post Office address of the place at which the principle office of the Corporation in this state is located is Department of Neurology, c/o Dr. Erland Nelson, University of Maryland Medical School, Baltimore, Maryland 21201.... More>>

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