Bylaws of Natural Health Essay

plane section 1 Membership shall consist only of the Director/President, Jason Wilson. bind III AMENDMENTSSection 1 These Bylaws may be amended when necessary.clause VIRestrictions on Actions1. All the assets and earnings of the corp shall be apply exclusively for its exempt purposes, including the payment of expenses incidental thereto. No part of some(prenominal)(prenominal) net earnings shall inure to the benefit of any(prenominal) employee of the grass or be distributed to its Directors, officers, or any private person. 2. Notwithstanding any new(prenominal) provision of these bylaws, the Corporation will not carry on any activities not permitted by an organization exempt under Section 501(c)(3), internal tax revenue Code, 1986, or the corresponding provision of any coming(prenominal) federal official law, or organizations whose contributions which are exempt under Section 170(c)(2), immanent tax income Code, 1986, or the corresponding provision of any future fed eral law. The Corporation shall have no capital stock, pay no dividends, distribute no part of its net income or assets to any Directors, Officers, and private property of the subscribers, Directors or Officers shall not be liable for the debts of the Corporation.3. No substantial part of the Corporations activity shall be for the carrying on of a campaign of propaganda or otherwise attempting to influence legislation. The Corporation shall not participate in any semipolitical campaign, will not engage in political campaigns or attempt to influence legislation or interfere with any political campaign on behalf or in opposition to any view for public office. 4. In particular, but not without limitation of the generality of the introductory paragraph, during such time as the Corporation may be considered a private foundation as defined by Section 509(a), intragroup gross Code, 1986, or the corresponding provision of any future federal law, it shall not A. Fail to distribute its in come for each taxable year at such time and in such mood as not to become subject to the tax on undistributed income imposed by Section 4942, Internal Revenue Code, 1986, or the corresponding provision of any future federal law.B. Engage in any act of ego dealing as defined in Section 4941(d), Internal Revenue Code, 1986, or the corresponding provision of any future federal law. C. cover any excess business holdings as defined in Section 4943(c), Internal Revenue Code, 1986, or the corresponding provision of any future federal law. D. befuddle any investment on such manner as to subject it to tax under Section 4944, Internal Revenue Code, 1986, or the corresponding provision of any future federal law. E. Make any taxable expenditures as defined in Section 4945(d), Internal Revenue Code, 1986, or the corresponding provision of any future federal law.These bylaws were adopted on July 30, 2012.Jason Wilson, President