Articles of Incorporation
Article I. The name of the Corporation shall be Inter-Neighborhood Cooperation, Incorporated
Article II. The duration of existence of said Corporation will be a perpetual term.
Article III. Said Corporation is organized exclusively for charitable and educational purposes, including for such purposes, improving the quality of life in the community, community restoration and fostering neighborhood independence. The Corporation will provide education to neighborhoods regarding the above subjects and including such topics as: resource development, leadership training, organizing techniques, volunteerism, and community development theory.
Article IV. The registered address of the office is the address listed on the organization’s annual report filed with the Colorado Secretary of State.
Article V. The registered agent for the Corporation is the person listed on the organization’s annual report filed with the Colorado Secretary of State.
Article VI. Said Corporation’s assembly shall be known as the Delegation. Its board of directors shall consist of at least nine members, the selection of which shall be specified in the bylaws of the corporation.
Liability and Indemnification Limitation of Personal Liability. The personal liability of each director of the Corporation for breach of fiduciary duty as a director is eliminated to the fullest extent permissible under the Act, including, without limitation, pursuant to C.R.S. § 7-128-402.
Scope of Indemnification. The Corporation shall provide indemnification of, and advance expenses to, directors, officers, employees, fiduciaries, and other agents to the fullest extent permissible under the Act.
Amendment, Modification, or Repeal. Any amendment, modification, or repeal of all or part of this Article shall not adversely affect any right or protection of a director, officer, employee, fiduciary, or other agent under this Article in respect of any action or omission occurring prior to the time of such amendment, modification, or repeal.
Article VIII. No portion of the Corporation’s net earnings shall be distributed to its members, officers, trustees or private persons for their personal benefit. The Corporation shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the purpose set forth in Article III.
Article IX. In the event of the Corporation’s dissolution, the assets of the Corporation shall be apportioned to exempt organizations under 501 (c) (3) of the Internal Revenue Code of 1954. The assets shall not be distributed to its members, officers or private persons.
Article X. The Corporation will not engage at all in the intervention or campaigning of a candidate for public office or any other activity not permitted by a corporation exempt from Federal income tax under section 501 (c) (3) of the Internal Revenue Code of 1954.
Article XI. The Corporation shall execute its purpose without regard to race, color, religion (creed), gender, gender expression, age, national origin (ancestry), disability, marital status, sexual orientation, familial status, or political party affiliation, except to serve a historically disadvantaged group.
Amended by the Delegation at its meeting on July 9, 2016.