Orange County NC Website
Browse       Search
4 <br />January 27, 2011 draft <br />UPPER NEUSE RIVER BASIN ASSOCIATION, INC. BYLAWS <br />ARTICLE I -IDENTITY <br />These are the Bylaws of the Upper Neuse River Basin Association, Inc. ("Bylaws"), a North <br />Carolina non-profit corporation hereinafter referred to as the "Association", the Articles of <br />Incorporation ("Articles") of which have been filed with the North Carolina Secretary of State. The <br />Upper Neuse River Basin Association, Inc. also operates under the assumed name of the Falls Lake <br />Watershed Association. <br />ARTICLE II -OFFICES <br />The initial principal office of the Association shall be located at 4307 Emperor Boulevard, Suite , <br />100, Durham, North Carolina 27703. The Association may have such other offices, either within or <br />without the State of North Carolina, as the Board of Directors may designate.. or as the business of the <br />Association may require from time to time. <br />The registered office of the Association required by the North Carolina Nonprofit Corporation <br />Act (the "Nonprofit Act") to be maintained in the State of North Carolina may be, but need not be, <br />identical with the principal office of the Association, and the address of the registered office may be <br />changed from time to time by the Association. <br />ARTICLE III =ORGANIZATION <br />The Association shall be a nonprofit organization (i) established and operated in accordance with <br />the provisions of 26 U.S.C. (the "Internal Revenue Code") Section 501(c)(3) and the regulations <br />thereunder, and (ii) incorporated under the Nonprofit Act. The Association shall be an independent and <br />autonomous organization. Its period of duration shall be perpetual unless terminated in accordance with <br />Article XIII below. <br />ARTICLE IV -PURPOSES <br />The purposes for which the Association is established and shall operate are as follows: <br />1. The Association is organized and shall be operated exclusively for purposes within the meaning of <br />Section 501(c)(3) of the Internal Revenue Code; provided, however, that no part of the net earnings <br />thereof shall inure to the benefit of any private shareholder or individual. Notwithstanding any other <br />provision of these Bylaws; the Association shall not carry on any activities. not permitted to be <br />carried on by an organization described in Internal Revenue Code Sections 501(c)(3). <br />2. The Association is organized and shall operate exclusively as anon-profit corporation to assist its <br />member local governments in their efforts to jointly address issues of concern to the member local <br />governments relating to water quality and waste water management in the Upper Neuse River Basin <br />and the Falls Lake Watershed. As set out in North Carolina General Statutes §§77-119 through 77- <br />121, the purposes of the Association include, but are not limited to: (a) providing a forum for <br />{A0076878. DOC}{A0076878. DOC}{i <br />