BOARD00240

• Board Meeting Date: 9/13/2004
• Description: Colorado Foundation for Water Education Representation
• Board Meetings - Doc Type: Memo

ARTICLES OF INCORPORATION
OF

e

Colorado Water Education Foundation

The undersigned persons acting as incorporators of a corporation under the
Colorado Nonprofit Corporation Act, sign and acknowledge the following Articles of
Incorporation for such corporation:

FIRST:
Education Foundation.

The name of the corporation is Colorado Water

SECOND:
foundation.

The corporation shall be a publicly supported educational

THIRD: The purpose or purposes for which the corporation is
organized is exclusively for the development and dissemination of impartial educational
programs for the people of Colorado to provide a wide range of water-related information
from various viewpoints with no advocacy position taken on any issues in order to foster
a broader understanding of water challenges among the general population and to aid in
the informed and timely discussion of water issues, to own real and personal property
and to have all powers, rights and privileges consistent with such purposes. The
corporation is empowered to do and. perform all acts that are reasonably necessary,
desirable, convenient and incidental to the accomplishment of the purposes of the a
corporation as are allowed under the laws of the state of Colorado and as are not .,
prohibited to a corporation under Section 501 (c)(3) nor would result in a tax liability
under Chapters 41 or 42 of the Internal Reyenue Code of 1986 and regulations
thereunder.

FOURTH: In its Board of Trustees, Selection Committee and
Executive Committee as hereinafter set forth the broadest variety of viewpoints,
including, but not limited to, agriculture, business and industry, educational institutions,
environmental interest organizations, governments, interest associations, journalism and
broadcasting, silviculture, trade associations, water consumers, water providers and all
geographiC areas of the state shall be represented.

FIFTH: No part of the net earnings of the corporation shall inure to
the benefit of or be distributable to its trustees, officers, contributors, or other private
persons, except that the corporation may pay reasonable compensation for services
rendered, may acquire and dispose of interests in real and personal property and pay a
reasonable consideration therefor, may incur reasonable expenses related to its
purposes and may make distributions to tax exempt organizations with similar purposes.
Upon dissolution of the corporation the Board of Trustees shall, after paying or making
prov'lsion for the payment of all of the liabilities of the corporation, dispose of all of the
assets of the corporation exclusively for the purposes of the organization in such a
manner or to such other organization or organizations organized and operated
exclusively for charitable, educational, religious or scientific purposes as shall at the time
of such disposition qualify as an exempt organization under Section 501(c)(3) of the a
Internal Revenue Code of 1986. ..