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Articles of Incorporation
Articles of Incorporation
FIRST: The undersigned, Nicholas Eftimiades, James B. Shelton, Jeffery H. Watson, Marshall Kaplan; all of whom are at least eighteen (18) years of age, do hereby form a nonprofit, non stock corporation under and by virtue of the General Laws of the State of Maryland authorizing the formation of corporations.
SECOND: The name of the corporation (hereinafter called the "Corporation") is Federation of Galaxy Explorers Inc.
THIRD: The purposes of the Corporation are exclusively charitable and educational within the meaning of section 501(c)(3) of the Internal Revenue Code of 1986, as amended (or any corresponding provisions of any future United States Internal Revenue law or regulations thereunder, hereinafter collectively referred to as the Internal Revenue Code), are as follows:
- to educate and inspire America's youth in space related science and engineering;
- to foster a greater understanding in society of science and technology to explore and develop space;
- to educate, guide, and prepare the next generation to accept the challenge of expanding mankind's presence in space;
- to engage in any other activities which are not inconsistent with Section 501(c)(3) of the Internal Revenue Code and applicable state
FOURTH: In order to carry out the purposes, the Corporation shall have the following powers within stated limitations:
(a) to purchase, lease, receive by donation, acquire and operate real and personal property suitable or convenient for the purposes of the Corporation;
(b) to solicit, receive and accept donations of money or property or any interest in property from any other entity or persons;
(c) to fix, charge and collect dues, fees, and other charges for membership in the Corporation, for participation in the activities of the Corporation, or for goods or services provided by the Corporation;
(d) to exercise any power, or engage in any function, incidental to accomplishing the nonprofit purposes of the Corporation provided or allowed by the General Laws of the State of Maryland and the requirements of the Internal Revenue Code, now or hereafter in force, to non-stock corporations, without limitation by the above description of specific powers
FIFTH: The address of the principal office of the Corporation in this state is: 11707 Lovejoy Street, Silver Spring, MD 20902.
SIXTH: The Resident Agent of the Corporation is Nicholas Eftimiades, whose address is 11707 Lovejoy Street, Silver Spring, MD 20902. The Resident Agent is a citizen of and resides in the State of Maryland.
SEVENTH: The Corporation shall be governed by a Board of Directors. The initial number of Directors of the Corporation shall be four. The number of Directors may be increased or decreased in accordance with the Bylaws of the Corporation but shall never be less than three (3). The initial members of the Board of Directors, who shall serve until their successors are elected and qualify, are as follows:
(a) Nicholas Eftimiades, Silver Spring, MD
(b) Marshall Kaplan, Bethesda, MD
(c) Jeffery H. Watson, Washington, D.C.
(d) James B. Shelton, Alexandria, VA
EIGHTH: The Corporation shall adopt bylaws which shall provide for:
(a) the number, qualification, election, classification, terms of office, powers and duties of the Board of Directors and for such committees as may be determined to be necessary or desirable,
(b) the qualification, rights, duties, and meetings of the members of the Corporation and for the quorum at such meetings;
(c) the selection of officers and their number, terms of office, rights, powers and duties; and
(d) for other matters relating to governance of the Corporation.
NINTH: The following provisions are hereby adopted to limit and regulate the powers of the Corporation and the Board of Directors.
(a) The corporation is not organized for pecuniary profit. No part of the net earnings of the Corporation shall inure to the benefit of or be distributable to its directors, officers, members or other private persons, except that the Corporation shall be authorized and empowered to pay reasonable compensation for services actually rendered and to make payments in furtherance of the purposes herein set forth;
(b) The corporation shall be nonprofit and non-stock, and shall have no power to declare dividends. The corporation shall be composed of members. Qualifications for membership in the Corporation shall be defined in the Bylaws, but in no case shall membership be restricted on the basis of race, sex, ethnic origin or religious or political persuasion.
(c) The corporation shall conduct and direct its services and the use of its properties and facilities on the basis that the such services and uses are available regardless of race, sex, ethnic origin or religious or political persuasion.
(d) Except as provided in Sections 501(h) and 4911 of the Internal Revenue Code of 1986, as amended (or the corresponding provisions of any future United States Internal Revenue law) (hereafter the "Code"), no substantial part of the activities of the Corporation shall be the carrying on of propaganda or otherwise attempting to influence legislation. The Corporation shall not participate in nor intervene in (including the publishing or distribution of statements) any political campaign on behalf of any candidate for public office. Notwithstanding any other provisions, the Corporation shall not carry on any activity not permitted to be carried on by a Corporation exempt from federal income tax under Section 501(c)(3) of the Code or by a Corporation, contributions to which are deductible under Section 170(c)(2), 2055(a)(2) and 2522(a)(23) of the Code.
(e) If the Corporation is dissolved or ended for any reason, the Board of Directors shall dispose of all of the net assets of the Corporation exclusively to such organization(s) which are organized and operated exclusively for charitable or educational purposes as shall at the time qualify as an exempt organization under section 501(c)(3) of the Internal Revenue Code. Any remaining assets not disposed of by the Board shall be disposed of by the Court in the jurisdiction in which the principal office of the Corporation is then located, exclusively for such purposes or to such organizations.
TENTH: The duration and existence of the Corporation shall be perpetual.
ELEVENTH: The Corporation may indemnify any and all of its current and future directors, officers, employees and agents as provided in the Bylaws of the Corporation.
IN WITNESS WHEREOF, I have signed these Articles of Incorporation and acknowledged the same to be my own act on this 29th day of December, 2001.