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Corporate Legal Purpose

 

The Connecticut State Veterans Memorial, Inc.

The corporation is organized and shall be operated exclusively for charitable and educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (herein called the “Code” and referred to by Section reference). In furtherance of the forgoing general activities and purposes, the specific activities and purposes to be conducted, promoted, and carried out by the Corporation shall be to:

(a) promote a public remembrance of the service and sacrifices of the members of the Military Forces of the United States of America of all conflicts by constructing and promoting the building of a memorial in their remembrance:
(b) solicit funds from individuals and organizations and to receive, administer, hold, manage, accumulate, invest and reinvest all funds, contributions, donations, gifts, devices, and bequest received by or made to the Corporation from time to time.
(c) in the discretion of the board of Directors of the Corporation, upon completion of the memorial, to transfer ownership and/or management of the memorial to the State of Connecticut {Department of Veterans’ Affairs};
(d) expend, apply, or use any part or all of the current income and any reasonable accumulations of income there from and any part or parts or all of the principal assets of the Corporation in such a manner to further and permit at all times the carrying out of the general and specific purposes and functions herein described and declared and none other; to employ personnel, lease or acquire by subscription, gift, or in any other lawful manner, and to hold, use, operate, deal in mixed, tangible or intangible, necessary or incidental to the fulfillment of the foregoing purposes including the right to apply for all public licenses.
(e) To do all alone or in conjunction with other persons, organizations or institutions proper or desirable for accomplishing the purposes for which the Corporation is organized.

In furtherance of the foregoing activities and purposes, but subject to the restrictions of this Certificate of Incorporation, the Corporation any engage in any lawful act or activity for which the corporations may be formed under the Nonstock Act.

 

 

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 Email: info@cthonorsvets.org