SECTION 1. No part of the net earnings of the Corporation shall insure to the benefit of any individuals.
SECTION 2. No person, firm, or corporation shall ever receive any dividends or profits from the undertakings of this corporation.
SECTION 3. Activities of the Corporation shall be consistent with all proper laws and regulations of the State of Louisiana and the United States of America as regards non-profit corporations.
SECTION 4. In the event of dissolution, the residual assets of the organization will be turned over to one or more organizations which themselves are exempt as organizations described in Section 501(c)(3) and 170(c)(2) of the Internal Revenue Code of 1954 or the corresponding sections of any prior or future Internal Revenue Code or to the federal, state, or local government for exclusive public purposes.
SECTION 5. In order to promote the purposes of this Corporation, it may acquire property by grant, gift, purchaser, devise or bequest and hold and dispose of such property as the Corporation shall require, for the benefit of the Corporation and not for pecuniary profit.