Historical document reproduced in February 1983. This is an archival transcription with source scans for comparison; proposed changes are not represented as adopted or current rules. Bracketed uncertainty notes identify damaged or unclear text.
THE COMMITTEE PROPOSES THE FOLLOWING CHANGES TO THE ARTICLES OF INCORPORATION: delete #V above and put in its place #V below; delete #VI above and insert #’s VI+ below. V.
The purposes for which the corporation is organized areto coordinate and facilitate neighborhood development, social services, and interaction among the constituent members of the corporation within the Skinker-DeBaliviere Community Council Service Area (hereinafter called the “SDCC Service Area”), recognizing that the actions of the corporation are both the product and the process of the interactions of those who live and work in the area.
Without in anyway limiting the generality of the foregoing, the Corporation shall:
a) act as the recognized liaison between its members as a unit and the various governmental, corporate and institutional entities in those matters which effect the SDCC Service Area as a unit;
b) provide a forum for discussion and a platform for collective action according to the policies of its Board of Directors, the leadership of its staff, and the energy of its constituent members;
c) endeavor to provide cohesive and consistant deliberative action for the SDCC Service Area as a unit and attempt to resolve differences between its constituent members through successful conflict management;
d) seek to enhance the physical, cultural, economic, and social welfare of the SDCC Service Area through marketing, public relations, and residential services;
e) respond to daily needs and problems of its constituent members and residents through the action of its staff;
f) develop goals for the SDCC Service Area as a unit;
g) audit, measure, and report to-the community on a regular basis the success of’ the corporation” in obtaining said goals.
In addition, it is a further purpose of the corporation to make contributions to any not-for-profit corporation, fund, or foundation which is created or organized in the United States of America and, within the meaning of Section 501(C)3 of the Internal Revenue Code, is organized and operated exclusively for religious, charitable, scientific, literary or educational purposes, no part of the net earnings of which inures to the benefit of any private individual or shareholder, and 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. ADD THE FOLLOWING NEW ARTICLES VI.
The boundaries of the SDCC Service Area are set forth below and are established as follows: Beginning at a point at the intersection of Lindell and Union Boulevards, thence generally in a clockwise direction along the center line of the following streets, alleys.
City Limits, and boundaries: Lindell, Skinker, Forsyth, the southern prolongation of Melville, Delmar, St. Louis City Limits, Olive, and in a straight line across the Wabash Railroad tracks to Hodiamont, the north alley of Delmar, Clara, Delmar, Union to the point of beginning. VII.
No part of the net earnings of this corporation shall, within the meaning of the United States federal income tax laws, inure to the benefit of any private individual.
The corporation shall not engage, nor shall its income or assets be used, in any political campaign on behalf of any candidate for public office. VIII.
The corporation shall have all the powers, necessary and proper to the achievement of the aforementioned purposes, as set forth in the General Not-for-Profit Law of the Missouri revised Statutes at Chapter 355, or in any subsequent appropriate Missouri statute. IX.
In addition, but not in anyway of limitation of the generality of the foregoing, the corporation, through its Board of Directors, shall have full power and authority to invest and reinvest the properties and funds of the corporation, including the proceeds gained from the sale or other disposition of any corporation property, in all types of securities, including, but not limited to, common and preferred stocks, participation in a common fund, bonds, notes, and debentures, whether secured or unsecured, or in any other property, real or personal, whether secured or unsecured, that the Board of Directors may consider sound investments, Without being restricted to the type of investments designated by law as or held to be lawful investments for trust funds, and without regard to any rules of law relative to or requiring diversification.
The Corporation, through its Board of Directors, also shall have full power and authority to retain as investments of the corporation (without any duty of diversification in regard thereto, and with no responsibility whatsoever for any loss, including, but not limited to, decrease or diminution in value which may result from such retention or from failure of diversification), any stock, securities, or other property, regardless of the source from which or the time when it was received by the corporation, and the mere fact that in the absence of this authorization the Board of Directors might be under a duty or might deem it advisable to sell part or all of said assets for the purpose of securing diversification of investment, shall not require the Board of Directors to do so if they deem the investment desirable and would otherwise retain it. X. Membership requirements, voting rights of members, and other provisions for the regulation of the internal affairs of this corporation shall be as set forth in the Bylaws, which shall be subject to amendment as specified therein; provided, however, that nothing contained in said Bylaws shall be inconsistent with the laws of the State of Missouri. XI. Upon dissolution or liquidation of this corporation, the assets shall be distributed as set out in Section
355.230 of the Missouri Revised Statues, provided that after the payment of the obligations set forth in paragraph 1 thereof, if any, And the return of assets held on condition as set forth in paragraph 2, if any, the remaining assets of the corporation shall be distributed, under the provisions of paragraph 3 thereof, to the extent possible to those agencies and organizations of the type . therein described which, in the opinion of the Board of Directors, are engaged in activities similar or most closely analogous to those for which this corporation is established; and provided further, that under no circumstances shall any of the assets of this corporation be distributed to an agency or organization which Is not organized and operated for exempt purposes within the purview of Section 501(C)3, or such section as it. may be amended or a corresponding provision of a prior law.
Original photograph caption
Original page 5 contains the existing articles at upper left and the proposed additions beginning at lower left and continuing in the right column. This is a proposed historical document, not proof of adoption.
Originally published in The Neighborhood Paper, February 1983.
Read this article in the original newspaper issue.
Archival transcription note: Proposed February 1983 text, not evidence of adoption. Original numbered clauses and any damaged text require editorial review against the source scan.
Original source: SD_Times1983_02.pdf, printed page(s) 5; PDF page(s) 5.
