The name of the association shall be the Belton/FFA/4-H Booster Club.
The booster club is a non-profit organization, and shall establish its principal office in the City of Belton, Bell County, Texas.
The period of duration is indefinite and shall endure so long as a majority of the membership chooses to band together for these purposes.
1. The purpose of the booster club is to receive and maintain a fund or funds of real or personal property, or both, and, subject to the restrictions and limitations hereafter described, to use and apply the whole or part of the income there from and the principal thereof exclusively for charitable, religious, scientific, literary, or educational purposes, to include making distributions to organizations that qualify as exempt organizations under Section 501(c)(3) of the Internal Revenue Code and its Regulations as they now exist and as they may hereafter be amended. Specifically, the association shall support the communities chapters of the Future Farmers of America (FFA), Future Homemakers of America (FHA), and 4-H by bidding, buying, or paying premiums for selected projects entered by the youth of the community in the county shows, fairs, and contests. All such disbursements shall be at the discretion of the Funds Disbursement Committee. By such action, the club will provide motivation and reward for the youth of the community to plan, develop, and produce high quality vocational projects, thus enhancing their knowledge of agriculture and homemaking skills and techniques.
2. No part of the net earnings of the booster club shall inure to the benefit of any member of the booster club, or any private individual (except that reasonable compensation may be paid for services rendered to or for the booster club affecting one or more of its purposes) and no member of the booster club, or any private individual shall be entitles to share in the distribution of any of the booster club assets upon dissolution. No substantial part of the activities of the booster club shall be the carrying on of propaganda, or otherwise attempting to influence legislation, and the booster club shall not participate in, or intervene in (including the publication or distribution of statements) any political campaign on behalf of any candidate for public office.
3. The booster club shall distribute its income for each taxable year at such time and in such manner as not to become subject to tax on undistributed income imposed by Section 4942 of the Internal Revenue Code of 1954, or corresponding provisions of any subsequent federal tax laws.
4. The booster club shall not engage in any act of self-dealing as defined in Section 4941(d) of the Internal Revenue Code of 1954, or corresponding provisions of any subsequent federal tax laws.
5. The booster club shall not retain any excess business holdings as defined in Section 4943(c) of the Internal Revenue Code of 1954, or corresponding provisions of any subsequent federal tax laws.
6. The booster club shall not make any investments in such manner as to subject it to tax under Section 4944 of the Internal Revenue Code or 1954, or corresponding provisions of any subsequent federal tax laws.
7. The booster club shall not make any taxable expenditures as defined in Section 4945(d) of the Internal Revenue Code of 1954, or corresponding provisions of any subsequent federal tax laws.
8. Notwithstanding any other provision of these by-laws, the booster club shall not conduct or carry on any activities not permitted to be conducted or carried on by an organization exempt from taxation under Section 501(c)(3) of the Internal Revenue Code and its regulations as they now exist or as they may hereafter be amended, or by an organization, contributions, to which are deductible under Section 170(c)(2) of the Internal Revenue Code and Regulations as they now exist or as they may hereafter be amended.
9. Upon dissolution of the booster club or the winding up of its affairs, the assets remaining shall be distributed exclusively to charitable, religious, scientific, testing for public safety, literary, or educational organizations, which would then qualify under the provisions of Section 501(c)(3) of the Internal Revenue Code and its regulations as they now exist or as they may hereafter be amended.
10. This booster club does not contemplate pecuniary gain or profit to the members thereof and is organized for non-profit purposes.
ORGANIZATION AND ADMINISTRATION
The booster club shall be administered by a group of officers elected from the membership at large. The officers shall consist of a president, vice-president, secretary, treasurer, and other officers as deemed necessary. The offices to be filled, the term of office, the time, place, method, and rules for the election, and other essential governing details for day to day operations of the booster club shall be written into the Constitution and approved by the general membership. The by-laws will be updated and amended, as required, with the approval of 2/3-majority vote of the members present.
The address of the initial office of the booster club is Belton, Texas.
These by-laws may be amended by having a majority of the membership approve the proposed amendment(s) at a general membership meeting. Copies of the amended Articles will be filed with the Internal Revenue Service and other appropriate entities and offices as required.
On behalf of the general membership who adopts these articles this 14th day of October, 2003.
President: ______Seth Preece_________________________________
Secretary: ______Karen D Preece______________________________