AMERICAN Y FLYER YACHT RACING ASSOCIATION

THE EXEMPT PURPOSE FOR WHICH THE CORPORATION WAS ORGANIZED WAS TO PROMOTE THE BUILDING AND RACING OF THE Y-FLYER CLASS SAILBOAT THROUGHOUT THE UNITED STATES BY A) MAINTANING THE CHARACTER OF THE Y-FLYER CLASS SAILBOAT. B) COORDINATING AND MANAGING THE AFFAIRS AND RULES OF THE CLASS. C) COOPERATING WITH OTHER SAILING ORGANIZATIONS. D)ENCOURAGING, FOSTERING, AND COORDINATING NATIONAL COMPETITION IN THE CLASS.