Articles of Incorporation
ARTICLES OF INCORPORATION The Leland J. and Dorothy H. Olson Charitable Foundation
Pursuant to the provisions of the Nebraska Nonprofit Corporation Act, as amended ("Act"), the undersigned, acting as the Incorporator, hereby adopts the following Articles of Incorporation.
ARTICLE I
Name The name of the corporation is The Leland J. and Dorothy H. Olson Charitable Foundation ("Corporation").
ARTICLE II
Designation The Corporation is a public benefit corporation under the Act.
ARTICLE III
Registered Office and Registered Agent The street address of the Corporation's initial registered office is:1125 South 103rd Street, Suite 800, Omaha, Nebraska 68124The name of the initial registered agent at such address is:Koley Jessen P.C., L.L.O.
ARTICLE IV
Purposes The Corporation is organized and shall be operated on a not-for-profit basis and exclusively for charitable, religious, educational, and scientific purposes, within the meaning of section 501(c)(3) of the Internal Revenue Code, or the corresponding section of any future federal tax code ("Code").
ARTICLE V
Powers The Corporation shall have all the powers conferred upon nonprofit corporations by the Act, and any enlargement of such powers conferred by subsequent legislative acts. In addition, the Corporation shall have and exercise all powers and rights not otherwise denied nonprofit corporations by the laws of the State of Nebraska, as are necessary, suitable, proper, convenient, or expedient to the attainment of the purposes set forth in Article IV above; provided, however:
(a) No part of the net earnings of the Corporation shall inure to the benefit of, or be distributable to, any officer or director of the Corporation, or any private individual, except that the Corporation shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the purposes set forth in Article IV above.
(b) No substantial part of the activities of the Corporation shall be the carrying on of propaganda, or otherwise attempting to influence legislation, and the Corporation shall not participate or intervene in any political campaign on behalf of, or in opposition to, any candidate for public office, including the publication or distribution of statements.
(c) Notwithstanding any other provisions of these Articles of Incorporation, the Corporation shall not conduct or carry on any activities not permitted to be conducted or carried on by an organization exempt from federal income tax under section 501(c)(3) of the Code, or by an organization, contributions to which are deductible under section 170(c)(2) of the Code.
ARTICLE VI
Members The Corporation shall have no members.
ARTICLE VII
Dissolution Upon the dissolution of the Corporation, the Board of Directors shall, after paying or making provision for the payment of all liabilities of the Corporation, dispose of all of the assets of the Corporation exclusively for one or more exempt purposes within the meaning of section 501(c)(3) of the Code or to such organization or organizations that are tax exempt under section 501(c)(3) of the Code, as the Board of Directors shall determine. Any such assets not so disposed of shall be disposed of by a Court of competent jurisdiction of the county in which the principal office of the Corporation is then located, exclusively for such purposes or to such organization or organizations as said Court shall determine, which are organized and operated exclusively for such purposes.
ARTICLE VIII
Incorporator The name and street address of the incorporator is:Mary A. Donovan Martello1125 South 103rd Street, Suite 800Omaha, Nebraska 68124
IN WITNESS WHEREOF, these Articles of Incorporation have been executed by the undersigned, in duplicate, this 7th day of January, 2013.
Mary A. Donovan Martello, Incorporator