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<br />~. <br />e <br /> <br />e <br /> <br />e <br /> <br />SIXTH: The corporation shall not participate or intervene in political <br />campaigns on behalf of or in opposition to any candidate for public office, nor advocate <br />nor oppose legislative nor election issues. The corporation shall not carry on any other <br />actiyities not permitted to be carried on by a corporation described in Section 501 (c)(3) <br />of the Internal Revenue Code of 1986. The Board of Trustees shall attempt to recover <br />from any person any expenditures made contrary to this paragraph or to said Section <br />501 (c)(3) and regulations thereunder or which would result in a tax liability under <br />Chapters 41 and 42 of the Internal Reyenue Code of 1986 and regulations thereunder. <br /> <br />SEVENTH: The corporation shall be governed by a Board of Trustees <br />of 2S. members, each of whom must be a natural person and a resident of the state of <br />Colorado. The trustees shall serve terms of three years and until their successors are <br />elected and qualified. In the event of a vacancy in the Board of Trustees, such yacancy <br />shall be filled in accordance with the Foundation's bylaws. <br /> <br />EIGHTH: No contract or other transaction between the corporation <br />and anyone or more of its trustees or any other corporation or organization in which a <br />trustee is financially interested shall either be yoid or voidable solely because of such a <br />relationship or interest, or solely because such trustee is present at the meeting of the <br />Board of Trustees or committee thereof which authorizes, approves or ratifies such <br />contract or transaction or solely because their votes are counted for such purposes, if <br />the fact of such relationship or interest is disclosed to or known by the Board of Trustees <br />or committee which approyes, authorizes or ratifies the contract or transaction by a vote <br />or consent sufficient for the purpose without counting the votes, or consents of such <br />interested trustees and the contract or transaction is fair and reasonable to the <br />corporation. Interested trustees may be counted in determining the presence of a <br />quorum at any meeting of the Board of Trustees which authorizes, approves or ratifies <br />such a contract or transaction. <br /> <br />NINTH: The Board of Trustees shall adopt Bylaws to proYide for <br />the general government of the corporation, to provide for the employment of assistant <br />officers, management and disbursement of funds, the conduct of meetings and all other <br />matters which will carry out the purposes of the corporation. A bylaw must be adopted or <br />amended by the concurrence of two-thirds of the trustees present and yoting at any <br />meeting of trustees and, unless by unanimous consent, only when the notice of the <br />meeting has stated that one of the purposes is to consider a proposed bylaw. <br /> <br />TENTH: These articles may be amended upon the concurrence of <br />two-thirds of the trustees voting upon any such amendment and, unless by unanimous <br />consent, only if the substance of such amendment shall haye been submitted in writing <br />to every trustee of the corporation at least 10 days before the vote upon such <br />amendment is taken. <br /> <br />ELEVENTH: The address of the initial registered office of the corporation is <br />and the name of its initial registered agent at such address is <br /> <br />TWELFTH: The incorporators of the corporation are: <br />