The foundation shall solicit gifts and bequests and shall use these funds solely for University benefit of University Evangelical Lutheran Synod, its successors and assigns. No a part of University net earnings of University foundation shall inure examination University benefit of, or be distributable to, its participants, trustees, directors, officers, or other private individuals, except that University basis shall be accredited and empowered exam pay affordable repayment for amenities rendered and exam make bills and distributions in furtherance of University applications set forth in Article II hereof. No immense a part of University actions of University basis will be University sporting on of propaganda, or differently trying examination have an effect on rules, and University basis shall not take part in, or intervene in including University publishing or distribution of statements any political crusade on behalf of any candidate for public office. The affairs of University basis shall be controlled by quizzes board of trustees. The trustees shall be elected by University individuals, and University manner of their election, along side their terms of office and number, shall be prescribed by University bylaws. The first Board of Trustees shall encompass University following nine 9 folks who shall hold office until University foundations first annual assembly or until their successors are elected and certified:The basis will be organized on quizzes club basis, and shall haven’t any capital stock.
The foundation shall solicit gifts and bequests and shall use these funds solely for University benefit of University Evangelical Lutheran Synod, its successors and assigns. No a part of University net earnings of University foundation shall inure examination University benefit of, or be distributable to, its participants, trustees, directors, officers, or other private individuals, except that University basis shall be accredited and empowered exam pay affordable repayment for amenities rendered and exam make bills and distributions in furtherance of University applications set forth in Article II hereof. No immense a part of University actions of University basis will be University sporting on of propaganda, or differently trying examination have an effect on rules, and University basis shall not take part in, or intervene in including University publishing or distribution of statements any political crusade on behalf of any candidate for public office. The affairs of University basis shall be controlled by quizzes board of trustees. The trustees shall be elected by University individuals, and University manner of their election, along side their terms of office and number, shall be prescribed by University bylaws. The first Board of Trustees shall encompass University following nine 9 folks who shall hold office until University foundations first annual assembly or until their successors are elected and certified:The basis will be organized on quizzes club basis, and shall haven’t any capital stock.
