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PAYETTE EDUCATION FOUNDATIONSTRIVING FOR EXELLENCE WITHIN THE PAYETTE SCHOOL SYSTEM |
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PAYETTE PUBLIC SCHOOLS EDUCATION FOUNDATION, INC.
A NON-PROFIT CORPORATION
KNOW ALL MEN BY THESE PRESENTS:
We the undersigned, citizens and residents of the State of Idaho and the United States of America, over the age of twenty-one (21), for the purpose of organizing and forming a non-profit corporation under the provisions of the Idaho Non-Profit Corporation Act (Title 30, Chapter 3, Idaho Code, Section 30-301 to 30-332) and all other pertinent laws of the State of Idaho, do hereby associate ourselves and adopt the following Articles of Incorporation:
ARTICLE I
The name of this corporation is the Payette Public Schools Education Foundation, Inc., and its duration shall be perpetual.
ARTICLE II
The purpose of this corporation is to establish, maintain, supplement and augment educational programs offered through or in conjunction with the Payette School District #371J located in Payette, Payette County, Idaho, and any other lawful activity, none of which is for profit, for which corporations may be organized.
This corporation is organized exclusively to support educational purposes within the meaning of section 501(c)(3) of the Internal Revenue Code.
Notwithstanding any other provisions of these Articles, the corporation shall not carry or any other actives not permitted to be carried on by an organization exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code.
This organization is not organized for profit, and no part of the next earnings shall inure to the benefit of any private shareholder.
ARTICLE III
The corporation is to have one class of members, which shall consist solely of the duly qualified and acting Trustees of Payette School District #371J, State of Idaho. The manner of election and the qualifications and rights of the members shall be as set forth in the By-Laws of the Corporation.
ARTICLE IV
The street address of the initial registered office of the corporation is: PO Box 503 - Payette, Idaho 83661).
The name of the corporation's initial registered agent at this address is: (names are not listed to protect the privacy of individuals)
ARTICLE V
The number of directors constituting the initial Board of Directors shall be three (3). However, the Board of Directors may allow any and all persons or committees of such persons as they desire to attend meetings and otherwise assist in the management of the corporation.
ARTICLE VI
- The management of the affairs and business of the corporation, shall be vested in the Board of Directors
- The number, qualifications, powers, duties, terms of office, manner of election, and times and places for meetings of the Board of Directors shall be prescribed by the Board of Directors and recorded in the By-Laws of the corporation
- The Board of Directors may adopt By-Laws by a majority vote which will further the purpose of the corporation as established in Article II
- The officers of the corporation shall be designated, named, elected or appointed in a manner to be prescribed in the By-Laws of the corporation.
- Amendment to these Articles shall be made by adoption of such amendment at a meeting of the members of the Board by the vote of a majority of the members of the Board
The assets of this corporation on dissolution or final liquidation shall be distributed to Payette School District #371J, a public school district in the State of Idaho, so long as such School District shall comply with the non-profit laws of the State of Idaho and the requirements of the Internal Revenue Code. However, if Payette School District #371J is not then in existence or is no longer exempt from federal income tax, or is unwilling or unable to accept the distribution, then the assets shall be distributed to an organization which has established its tax exempt status under Section 501(c)(3) of the Internal Revenue Code.
ARTICLE VIII
The names and addresses of each incorporator and each initial member of the Board of Directors of the corporation are as follows: (names are not listed to protect the privacy of individuals)
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PAYETTE EDUCATION FOUNDATIONPO Box 503, Payette, Idaho 83661
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