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2022-072 Ordinance
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2022-072 Ordinance
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9/22/2022 12:23:13 PM
Creation date
9/22/2022 12:00:43 PM
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North Olmsted Legislation
Legislation Number
2022-072
Legislation Date
9/20/2022
Year
2022
Legislation Title
Community Improvement Articles of Incorporation
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expressed, and no part of its net earnings shall inure to the benefit of any private member, <br />shareholder trustee or individual, <br />SIXTH: In carrying out its purpose and in exercising the powers granted to it by law, the <br />corporation shall be subject to the following restrictions, namely (i) no substantial part of its <br />activities shall consist of carrying on propaganda, or otherwise attempting to influence legislation, <br />and (ii) it shall not participate in, or intervene in (including the publishing or distributing of <br />statements), any political campaign on behalf of any candidate for public office. <br />SEVENTH: In the event of any voluntary or involuntary dissolution of liquidation of the <br />corporation or in the event of failure to reinstate these articles after cancellation thereof, any <br />remaining assets of the corporation shall be paid over and distributed to public charitable and <br />civic projects or public charitable purposes in the City of North Olmsted, Ohio, as may be <br />determined by the Trustees, with the approval of the Court of Common Pleas of Cuyahoga <br />County, Ohio. <br />IN WITNESS WHEREOF, we have hereunto subscribed our names this day of <br />2022. <br />President <br />Mayor Nicole Dailey tones <br />Vice President <br />Secretary/ Treasurer <br />Chris Glassburn <br />Member <br />Member <br />
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