Article I.
This Corporation shall have the name style and
title of "The Academy of the New Church."
Article II.
The Academy of the New Church shall be for the purpose of
propagating the Heavenly Doctrines of the New Jerusalem and establishing
the New Church signified in the Apocalypse by the New Jerusalem,
promoting education in all its various forms, educating young
men for the ministry, publishing books, pamphlets, and other printed
matter, and establishing a library.
Article III.
The place of business and office of the said Corporation shall
be 2815 Huntington Pike, Borough of Bryn Athyn, Montgomery County,
Pennsylvania.
Article IV.
This Corporation shall have perpetual existence.
Article V.
The Corporators or Subscribers of the said The Academy of the
New Church are:
Revd. William H. Benade residing in the City of Allegheny, Pennsylvania;
Revd. James P. Stuart residing in Vineland, New Jersey;
Revd. Nathan C. Burnham residing in the City of Lancaster, Pennsylvania;
Revd. J.R. Hibbard residing in the City of Chicago, Illinois;
Revd. William F. Pendleton residing in the City of Philadelphia,
Pennsylvania;
Revd. Louis H. Tafel residing in the City of Philadelphia, Pennsylvania;
Revd. Rudolph Tafel residing in the City of London, England;
Francis E. Boericke, Esqr. Residing in the City of Philadelphia,
Pennsylvania;
David McCandless, Esqr. Residing in the City of Allegheny, Pennsylvania;
John Pitcairn, Jr., Esqr. Residing in Oil City, Pennsylvania;
Walter C. Childs, Esqr. Residing in the City of Pittsburgh, Pennsylvania;
Franklin Ballou, Esqr. Residing in the City of Pittsburgh, Pennsylvania;
who with their successors and associates shall have all the powers
and privileges given or allowed under the Constitution and Laws
of the United States of America and of the Commonwealth of Pennsylvania,
use a Common Seal, confer Degrees and grant Diplomas as other
Colleges and Universities.
Article VI.
The Directors or Board of Finance of "The Academy of the
New Church" shall be not less than three. Those chosen for
the first year are: Revd. William H. Benade, residing in the City
of Allegheny, Pennsylvania, Chancellor or President, Revd. James
P. Stuart, residing in Vineland, New Jersey, Vice Chancellor and
Secretary; Walter C. Childs, Esqr., residing in the City of Pittsburgh,
Pennsylvania, Treasurer; John Pitcairn, Jr., Esqr., residing in
Oil City, Pennsylvania; David McCandless, Esqr., residing in the
City of Allegheny, Pennsylvania.
Article VII.
The Academy of the New Church shall have no capital stock.
Article VIII.
No part of the net earnings of the Corporation shall inure to
the benefit of or be distributable to its members, directors,
officers, or other private persons, except that the Corporation
shall be authorized and empowered to pay reasonable compensation
for services rendered, and to make payments and distributions
in furtherance of the purposes set forth in Article II hereof.
No substantial part of the activities of the Corporation shall
be the carrying on of propaganda, or otherwise attempting to influence
legislation, and the Corporation shall not participate in, or
intervene in (including the publishing or distribution of statements)
any political campaign on behalf of or in opposition to any candidate
for public office. Notwithstanding any other provisions of these
articles, the Corporation shall not carry on any other activities
not permitted to be carried on (a) by a corporation exempt from
federal income tax under Section 501(c)(3) of the Internal Revenue
Code of 1954, or the corresponding section of any future federal
tax code, or (b) by a corporation, contributions to which are
deductible under Section 170(c)(2) of the Internal Revenue Code
of 1954, or in the corresponding section of any future federal
tax code.
Article IX.
- A.In the event of the dissolution of the Corporation,
all of its assets which remain after paying (or making provisions
for the payment of) all liabilities of the Corporation, shall
be distributed in the manner prescribed by the laws of the Commonwealth
of Pennsylvania to the General Church of the New Jerusalem,
a Pennsylvania Non-Profit Corporation, but exclusively for the
purposes of the Corporation. If the General Church is not in
existence or does not qualify as a 501(c)(3) entity, then the
assets shall be distributed to such corporation or corporations
which qualify as an exempt organization or organizations under
Section 501(c)(3) of the Internal Revenue Code of 1954 or the
corresponding section of any future federal tax code, incorporated
for purposes the same as or similar to the stated purposes of
the Corporation.
- B.No individual member, director, or officer of the
Corporation shall be entitled to the distribution or division
of any portion of the Corporation's assets on dissolution.
- C.If the Corporation owns any assets which were received
by the Corporation, upon the condition that they be distributed
to a designated organization in the event of the dissolution
of the Corporation, then such assets shall be distributed to
said designated organization upon dissolution of the Corporation,
provided that said designated organization at the time of such
distribution qualifies as an exempt organization under Section
501(c)(3) of the Internal Revenue Code of 1954, or the corresponding
section of any future federal tax code. In the event such designated
organization does not so qualify (or is not then in existence),
said assets will be disposed of pursuant to the preceding provisions
of this Article.
Originally signed by:
N.C. Burnham
Walter C. Childs
J.P. Stuart
L.H. Tafel
W.F. Pendleton
F.E. Boericke
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