Cape and Islands Orchid Society
Bylaws for the Cape and Islands Orchid Society Inc. (April 1997)
All charitable, educational and scientific purposes within the meaning of Section 501 ©(7) of the Internal Revenue Code of 1986 as amended (or any successor provision thereof) (“the Code”), including, but not limited to the following: stimulating interest and providing education in the culture of orchids; to promote the exchange of information in the culture of orchids; promoting the culture of orchids by sponsorship of orchid shows and the distribution of literature; and conducting such other activities and programs in furtherance of the foregoing purposes as may be carried out by a corporation organized under Massachusetts General Laws Chapter 180.
No part of the assets of the corporation (also referred to hereunder as “the Society”) and no part of any net earnings of the corporation shall be divided among or inure to the benefit of any officer or director of the corporation or any private individual or be appropriated for any purposes other than the purposes of the corporation as set forth above except that the corporation shall be authorized and empowered to pay reasonable compensation for services actually rendered and to make payments and distributions in furtherance of its purposes as set forth herein. 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 in, or intervene in (Including the publishing or distributing of statements), any political campaign on behalf of any candidate for public office. It is intended that the corporation shall be entitled to qualify for exemption from federal income tax under Section 501©(7) of the Code and shall not be a private foundation under Section 509(a) of the Code.
Notwithstanding anything else herein provided, the corporation is organized and shall be operated exclusively for educational, charitable, or literary purposes, as said terms have been and shall be defined pursuant to Sections 170(c}and 501c(7) of the Code, or under any successor sections thereto. All powers of this corporation shall be exercised only in such manner as will assure the operation of this corporation exclusively for said educational, charitable, or literary purposes, as so defined, it being the intention that this corporation shall be exempt from federal income lax and that contributions to it shall be deductible pursuant to said sections of said Code, and all purposes and powers herein shall be interpreted and exercised consistently with this intention.