Johnson City-Washington County Veterans Memorial Foundation

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Section 3.Exempt Purposes. (a)The Corporation is organized and shall be operated exclusively for charitable, scientific, and educational purposes within the meaning of § 501(c)(3) of the Code or corresponding provisions of any future United States Internal Revenue law, including for such purposes, the making of distributions to organizations that qualify as exempt organizations under §501(c)(3) of the Code. Notwithstanding any other provision of these Bylaws to the contrary, the Corporation shall not carry on any other activities not permitted to be carried on by a corporation exempt from federal income tax under §501(c)(3), or the corresponding provision of any future United States Internal Revenue law, or by a corporation, contributions to which are deductible under § 170(c)(2) of the Code, or the corresponding provision of any future United States Internal Revenue law. (b)The Corporation has all of the powers granted to nonprofit corporations organized under the laws of the State of