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ABOUT
THE FOUNDATION
Credentials
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Bylaws | Articles
of Incorporation | Investment
Policy
LACC
Articles of Incorporation
I
The name of this corporation shall be THE LOS ANGELES
CITY COLLEGE FOUNDATION.
II
The purposes for which this corporation is formed are:
A.
The specific and primary purpose is to provide students
and faculty at Los Angeles City College educational
assistance in the form of financial aid, facilities
and services.
B.
The general purposes and powers are as follows:
To
sue and be sued.
To make contracts.
To solicit, collect and receive endowments, devises,
bequests, Gifts and donations of all kinds of property
for its own use, or in trust, for carrying out, or which
would assist in carrying out, the objects and purposes
of the corporation; and to do all things and acts necessary
or proper to carry out each and all of the purposes
and provisions of such endowments, devises, bequests,
gifts and donation, with full power to mortgage, sell,
lease, or otherwise deal with or dispose of the same
in accordance with the terms of the particular endowment,
devise, bequest, gift, or donation.
To do any other act or thing and to engage in and carry
on any other activity in any manner connected with or
incidental to, or calculated to promote, assist, aid,
or accomplish any of the aforesaid purposes, and for
the purpose of maintaining, attaining or furthering
the same, to exercise all or any of the said powers,
whether as principal, agent, or otherwise, and whether
alone or with others, and to have and exercise all other
rights, powers, and privileges now or hereafter belonging
to or conferred upon corporations organized under the
provisions of the General Non-Profit Corporation Law
of the State of California, including, but not limited
to, the following:
(a)
To purchase, lease, or acquire, by gift or otherwise,
and to hold, own, maintain, alter, lease, improve, sell,
convey, mortgage, pledge, or otherwise dispose of or
encumber real and personal property of every kind and
character, or any interest therein;
(b)
To buy, own, hold, vote, encumber, pledge, mortgage,
or sell shares of capital stock in any and all other
corporations;
(c)
To borrow money, give promissory notes, or bonds therefore,
and secure the payment thereof by mortgage or deed of
trust upon property real or personal.
(5)
To engage in such activities and conduct such activities
in such manner as to maintain and preserve its exemption
from income taxes imposed by the United States Government
and the State of California, to the fullest extent possible
under the law.
(6)
Notwithstanding any of the above statements of purposes
and powers, this corporation shall not engage in activities
which in themselves are not in furtherance of the purposes
set forth in subparagraph A. of this Article II.
III
This corporation is organized pursuant to the General
Nonprofit Corporation Law of the State of California.
IV
The county in this State where the principal office
for the transaction of the business of this corporation
is located is Los Angeles County.
V
The names and addresses of the persons who are to act
in the capacity of directors until the selection of
their successors are:
Dr.
Glenn G. Gooder 36 Hitching Post Drive, Rolling Hill
Estates, California 90274
Mr.
Robert G. Ruhl 3951 Clayton Avenue, Los Angeles, California
90027
Attorney
Jordan L. Paust 4611 Balboa Avenue, Los Angeles, California
91316
VI
The authorized number and qualifications of members
of the corporation, the different classes of membership,
if any, the property, voting and other rights and privileges
of members, and their liability to dues and assessments
and the method of collection thereof, shall be as set
forth in the By-laws.
VII
This corporation is one which does not contemplate pecuniary
gain or profit to the members thereof and it is organized
solely for nonprofit purposes. The property, assets,
profits, and net income of this corporation are irrevocably
dedicated to the benefit of the students and faculty
of the Los Angeles City College, and no part of the
profits or net income shall inure to the benefit of
any director, officer or member thereof. The corporation
shall not carry on propaganda or otherwise attempt to
influence legislation. Upon the liquidation or dissolution
of this corporation, after providing for the debts and
obligations therefore, the remaining assets will not
inure to the benefit of any private person but will
be distributed to a nonprofit fund, foundation or corporation
which is organized and operated exclusively for charitable
and/or educational purposes and which as established
its tax exempt status under Section 501(c) (3) of the
Internal Revenue Code. If this corporation holds any
assets of the superior court of the county in which
this corporations principal office is located,
upon petition therefore by the Attorney General or by
any person concerned in the liquidation.
IN
WITNESS WHEREOF, the undersigned, being the persons
hereinabove named as the first directors, have executed
these Articles of Incorporation this sixth day of March,
1968.
DR.
GLENN G. GOODER
MR. ROTERT G. RUHL
ATTORNEY
JORDAN L. PAUST
STATE OF CALIFORNIA
(COUNTY OF LOS ANGELES) ss.
On
this sixth day of March, 1968, before me, (s) Ted Bruce
, a Notary Public for the State of California, with
principal office in Los Angeles County, personally appeared
Dr. Glenn G. Gooder, known to me be one of the persons
to me that he executed the same.
IN
WITNESS WHEREOF, I have hereunto set my hand and affixed
my official seal on the day and year first above written.
(s)
Ted Bruce
Notary Public
My commission expires August 31, 1968.
STATE
OF CALIFORNIA
(COUNTY OF LOS ANGELES) ss.
On
this sixth day of March, 1968, before me, (s) Ted Bruce,
a Notary Public for the State of California, with principal
office in Los Angeles County, personally appeared Mr.
Robert G. Ruhl, known to me to be one of the persons
whose names are subscribed to the within Articles of
Incorporation, and acknowledged to me that he executed
the same.
IN
WITNESS WHEREOF, I have hereunto set my hand and affixed
my official seal on the day and year first above written.
(s)
Ted Bruce
Notary Public
My commission expires August 31, 1968
STATE
OF CALIRORNIA (COUNTYOF LOS ANGELES) ss.
On
this sixth day of March, 1968, before me (s) W. Garfield
McDaniel, a Notary Public for the State of California,
with principal office in Los Angeles County, personally
appeared Attorney Jordan L. Paust, known to me to be
one of the persons whose names are subscribed to the
within Articles of Incorporation, and acknowledged to
me that he executed the same.
IN
WITNESS WHEREOF, I have hereunto set my hand and affixed
my official seal on the day and year first above written.
(s)
W. Garfield McDaniel
Notary Public
My commission expires March 2, 1971.
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