Political Film Society - Articles of Incorporation


RESTATED ARTICLES OF INCORPORATION


 

I. 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 perpetual.

III. PUROSE

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 Revenue Code.

V. DIRECTORS

The liability of directors of the Corporation for monetary damages shall be limited to the fullest extent permissible under California law.

VI. STOCK

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.

VII. DISSOLUTION

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.

DATE: June 19, 1999