ELGIN CHEER

THE OBJECTIVE OF ELGIN CHEER INC IS TO FAMILIARIZE YOUNG PARTICIPANTS WITH THE FUNDAMENTALS OF ALL STAR CHEERLEADING. TO PROVIDE THEM WITH THE OPPORTUNITY TO PARTICIPATE IN AN ORGANIZED AND SUPERVISED ENVIRONMENT AND TO TEACH THEM THAT ACADEMICS AND ATHLETES SHOULD BE JOINT, COMMUNAL EFFORTS. TO ACHIEVE THIS, ELGIN CHEER INC WILL PROVIDE A SUPERVISED PROGRAM UNDER THE RULES AND REGULATIONS INCORPORATED HEREIN AND REFERENCED IN ANY ADDENDUM TO THIS ACCOUNT. ALL DIRECTORS, OFFICERS AND MEMBERS SHALL BEAR IN MIND THAT THE ATTAINMENT OF EXCEPTIONAL ATHLETIC SKILL OR THE WINNING OF COMPETITIONS IS SECONDARY AND MOLDING OF FUTURE CITIZENS IS OF PRIME IMPORTANCE. IN ACCORDANCE WITH SECTION 501 (C) 3 OF THE FEDERAL INTERNAL REVENUE CODE, ELGIN CHEER INC SHALL OPERATE EXCLUSIVELY AS A NON-PROFIT EDUCATIONAL ORGANIZATION PROVIDING A SUPERVISED PROGRAM OF COMPETITIVE ATHLETIC ACTIVITIES. NO PART OF THE NET EARNINGS SHALL INURE TO THE BENEFIT OF ANY PRIVATE SHAREHOLDER OR INDIVIDUAL.