VERMONT COUNCIL ON PHYSICAL FITNESS AND SPORTS INC

THE PURPOSES OF THIS CORPORATION SHALL BE LIMITED TO CHARITABLE, EDUCATIONAL AND OTHER EXEMPT PURPOSES WITHIN THE MEANING OF SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE EXCLUSIVELY FOR THE BENEFIT OF THE VERMONT GOVERNOR'S COUNCIL ON PHYSICAL FITNESS AND SPORTS. ALWAYS WITHIN THE SCOPE OF THE FOREGOING CORPORATE PURPOSES, THIS CORPORATION MAY: A. DEVELOP, MAINTAIN, IMPROVE, EXPAND, CREATE, ENHANCE, SUPPORT, PRESERVE, FUND AND ENCOURAGE OPPORTUNITIES FOR PHYSICAL ACTIVITY FOR ALL RESIDENTS OF VERMONT. B. SUPPORT THE GOVERNOR'S COUNCIL ON PHYSICAL FITNESS. C. ACQUIRE, HOLD AND DISSEMINATE THE FUNDS OF THE GOVERNOR'S COUNCIL ON PHYSICAL FITNESS. D. SOLICIT AND RECEIVE GIFTS, GRANTS, SUBSCRIPTIONS, OR BEQUESTS OF REAL OR PERSONAL PROPERTY, FROM PUBLIC OR PRIVATE SOURCES, IN ORDER TO CARRY OUT THE PURPOSES OF THIS CORPORATION; AND HOLD, SELL, DISPOSE OF INVEST OR REINVEST SUCH FUNDS OR PROPERTIES IN ANY MANNER AS THE CORPORATION MAY DEEM APPROPRIATE FOR ACHIEVING THE PURPOSES OF THE COR