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Collection: Original Records > Articles of Incorporation

International Sivananda Yoga Comm (AI-I032)(1973) (6 pages)

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ARTICLE V The names and addresses of the persons who are to act in the capacity of trustees until the selection of their successors are: Swami Vishnu-Devananda Route 1, Box 803 frass Valley, California 95945 Michael Cohen Route 1, Box 803 Grass Vallev, California 95945 Kathleen Pecukonis Route 1, Box 803 Grass Vallev, California 95945 The number of trustees may be fixed or changed from time to time by amendment of the articles of incorporation of this cornoration, or by amendment of the bylaws of this cornoration adopted by the vote or written assent of the members of the cornoration entitled to exercise a majority of the voting power, or the vote of a majority of a quorum at a meetina of members called pursuant to the bylaws. ARTICLE VI The authorized number and sualifications of members of the cornoration, the different classifications of membershin, if anv, and the pro arty, voting; and other rights and oriviledes of members sh)! be as set forth in the bylaws: providing, however, that the me»svers of this corporation shall have no liability for . dues or asséssments. ARTICLE VII This corporation is not orqanized, nor shall it be operated, for pucuniary gain or profit, and it does not contemnlate the distribution or gains, profits, or dividends to its members it is organized soly for nonprofit purposes. The pronerty, assets, nrofits and net income of this corporation are irrevocably dedicated to reliaqious, charitable and educational purposes, and no nart of the proceeds or net income of this cornoration shall ever inure to the benefit of any director, trustee, officer, or member, or to the benefit of anv private shareholder or individual. Unon the dissolution or winding-up of this cornoration, its assets remainina after payment of or provision for payment of all liabilities of this corporation shall be distributed to a nonprofit fund, foundation or corporation that ts organized onerated exclusively for religious, charitable and educational purnoses and that has (3).