ARTICLE XII: Dissolution of Assets

Section 1. Dissolution.

Upon the dissolution of this organization, assets remaining after payment of, or provision for payment of, all debts and liabilities of this organization shall be distributed for one or more exempt purposes within the meaning of section 501(c)(3) of the Internal Revenue Code, or the corresponding section of any future federal tax code, to a non-profit fund, foundation or corporation which is organized and operated exclusively for purposes similar to those of this organization, or shall be distributed ot the federal government, or to a state or local government, for a public purpose, as designated by the Board of Directors.