South Nashville Central Business Improvement District Inc

Form 990-ez, Part III

“The corporation is organized and shall be exclusively administered and operated to receive, administer, and expend funds to promote and represent the common business interests of and improve business conditions among its members, within the meaning of section 501(c)(6) of the internal revenue code of 1986, as amended, or any corresponding section or provision of any future federal tax code (the "code"). Without limiting the foregoing, the primary purposes for which the corporation is organized are: (a) to promote such common business interests and purposes and to improve such business conditions (i) by providing services to the metropolitan government of nashville and davidson county, tennessee in connection with its operation and management of the south nashville central business improvement district (the "district"), (ii) by administering the special assessment revenues collected for the district and activities within and for the district, (iii) by making improvements within and for the district, and (iv) by providing services and projects within and for the district; (b) to alone, or in cooperation with other persons or organizations, do any and all lawful acts and things that may be necessary, useful, suitable or proper for the furtherance, accomplishment, or attainment of any or all of the purposes or powers of the corporation; and(c)to solicit, collect, receive, accumulate, invest, administer and disburse funds in such a manner as will, in the sole discretion of the board of directors of the corporation, most effectively operate to further such purposes and other purposes that qualify under section 501(c)(6) of the code.”