NAME & ADDRESS
The name of this corporation, hereinafter referred
to as the "Corporation" is Political Film
Society, Inc. The address of the Corporation is 8481
Allenwood Road, Los
Angeles, California 90046-1050.
II. PERIOD OF EXISTENCE
The period during which the Corporation shall continue is
This Corporation is a nonprofit PUBLIC BENEFIT CORPORATION
and is not organized for the private gain of any person.
It is organized under the California Nonprofit Public Benefit
Corporation Law for charitable purposes.
The specific purpose of the Corporation is to give recognition
to films and filmmakers who meritoriously educate filmviewers
on matters of politics. Notwithstanding any other provision
of these Articles, the Corporation shall not carry on any
other activities not permitted to be carried on (a) by a
Corporation exempt from Federal income tax under section
501(c)(3) of the Internal Revenue Code of the 1986 (or the
corresponding provision of any future United States Internal
Revenue Law) or (b) by a Corporation, contributions to which
are deductible under section 170(c)(3) of the Internal Revenue
Code of 1986 (or the Corresponding provision of any future
United States Internal Revenue Law).
iV. TAX EXEMPTION
This Corporation is organized exclusively for charitable
purposes within the meaning of section 501(c)(3) of the Internal
Revenue Code. No part of the net earnings of the Corporation
shall inure to the benefit of, or be distributable to its
members, trustees, officers, or other private persons, except
that the Corporation shall be authorized and empowered to
pay reasonable compensation for services rendered and to
make payments and distributions in furtherance of the purposes
set forth in the purpose clause hereof. No substantial part
of the activities of the Corporation shall be the carrying
on of propaganda, or otherwise attempting to influence legislation,
and the Corporation shall not participate in, or intervene
in (including the publishing or distribution to statements)
any political campaign on behalf of any candidate for public
office. Notwithstanding any other provision of this document,
the Corporation shall not carry on any other activities not
permitted to be carried on (a) by an organization exempt
from federal income tax under section 501(c)(3) of the Internal
Revenue Code or (b) by an organization, contributions to
which are deductible under section 170(c)(2) of the Internal
The liability of directors of the Corporation for monetary
damages shall be limited to the fullest extent permissible
under California law.
Ten shares of stock of the Corporation, previously issued
by the State of California, are hereby declared to have a
value of $0.00. The sole owner of the shares of stock, Michael
Haas, agrees to destroy all ten shares without compensation.
Upon winding up and dissolution of this Corporation, after paying or adequately
providing for the debts and obligations of the Corporation, the remaining assets
shall be distributed for one or more exempt purposes within the meaning of section
501(c)(3) of the Internal Revenue Code, or shall be distributed to the federal
government, or to a state or local government, for a public purpose.
June 19, 1999