APIC Resolution 91-3ALAMEDA PUBLIC IMPROVEMENT CORPORATION
RESOLUTION NO. 91-3
AMENDING ARTICLES OF INCORPORATION -
ALAMEDA PUBLIC IMPROVEMENT CORPORATION
WHEREAS, the Alameda Public Improvement Corporation (the
"Corporation") desires that the Corporation be exempt from property
taxation with respect to real property currently owned or to be
purchased by the Corporation;
WHEREAS, the Corporation has been advised by a representative
of the Assessment Standards Division of the Property Tax Department
of the Board of Equalization of the State of California that it
must amend Section VI(B) of the Articles of Incorporation of the
Corporation to receive such exemption;
WHEREAS, the Corporation desires at this time to make such
amendment to the Articles of Incorporation of the Corporation;
RESOLVED, by the Board of Directors of the Corporation, that
Section VI(B) of the Articles of Incorporation of the Corporation
be amended to read as follows:
"Upon the dissolution or winding up of this
corporation, its assets remaining after payment of, or
provision made for the payment of, all debts and
liabilities of this corporation, shall be distributed to
the United States of America, the State of California,
or any political subdivision thereof, or to a nonprofit
fund, foundation or corporation which is organized and
operated exclusively for charitable purposes and which
has established its tax-exempt status under Section
501(c)(3) or 501(c)(4) of the Internal Revenue Code of
1986, as amended."
I hereby certify that the foregoing is a full, true and
correct copy of a resolution duly passed and adopted by the Board
of Directors of the Alameda Public Improvement Corporation, at a
special meeting thereof duly held on the 4th of June, 1991, by the
following vote of the Directors thereof:
AYES, and in favor of, Directors: Arnerich, Camicia, Lucas,
Roth and President Withrow - 5.
NOES, Directors: None,
ABSENT, Directors: None.
By
Di ne B. Felsch, Secretary
CERTIFICATE OF AMENDMENT
OF ARTICLES OF INCORPORATION
ALAMEDA PUBLIC IMPROVEMENT CORPORATION
E. W. Withrow, Jr. and Diane B. Felsch certify that:
1. They are the President and Secretary, respectively, of
ALAMEDA PUBLIC IMPROVEMENT CORPORATION, a California corporation.
2. Section VI(B) of the Articles of Incorporation of this
corporation is amended to read as follows:
"Upon the dissolution or winding up of this
corporation, its assets remaining after payment of, or
provision made for the payment of, all debts and
liabilities of this corporation, shall be distributed to
the United States of America, the State of California,
or any political subdivision thereof, or to a nonprofit
fund, foundation or corporation which is organized and
operated exclusively for charitable purposes and which
has established its tax-exempt status under Section
501(c)(3) or 501(c)(4) of the Internal. Revenue Code of
1986, as amended."
3. The forgoing amendment of Articles of Incorporation has
been duly approved by the Board of Directors.
4. The corporation has no members.
We further declare under penalty of perjury under laws of the
State of California that the matters set forth in this certificate
are true and correct of our own knowledge.
Date: June 5, 1991
By
E
•
W. Withrow, Jr., President
ane B. Felsch, Secretary