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ARTICLE V • <br /> PROHIBITED PURPOSES AND POWERS <br /> This corporation shall not afford pecuniary gain, incidentally or otherwise, to its members, other <br /> than nonprofit corporations (except the payment of reasonable fees for goods and services <br /> rendered and approved in accordance with the bylaws), and no part of the net income or net <br /> earnings of this corporation shall, directly or indirectly, be distributable to or otherwise inure to <br /> the benefit of any individual. <br /> The corporation shall not participate in, or intervene in (including the publishing or distribution of <br /> statements) any political campaign on behalf of any candidate for public office. No substantial <br /> part of the activities of the corporation shall be the carrying on of propaganda, or otherwise <br /> attempting to influence legislation, unless and to the extent the corporation makes an election <br /> available to public charities under federal tax law to permit limited expenditures to influence <br /> legislation, in which event such limits shall be strictly observed to preserve the corporation's <br /> exempt status. <br /> ARTICLE VI <br /> DISSOLUTION <br /> Upon the dissolution of the corporation, the board of directors shall, after paying or making <br /> provision for the payment of all of the liabilities of the corporation, dispose of all the assets of the <br /> corporation exclusively for the purposes of the corporation in such manner, or to such <br /> organization or organizations organized and operated exclusively for charitable purposes as • <br /> shall at the time qualify as an exempt organization or organizations under §501(c)(3), <br /> §170(b)(1)(A)(i-vi), §170(c)(2), §2055(a) and §2522(a) of the Internal Revenue Code of 1986 (or <br /> the corresponding provision of any future United States Internal Revenue law), as the board of <br /> directors shall determine. Any assets not so disposed of shall be disposed of by the district <br /> court of the county in which the principal office of the corporation is then located, exclusively for <br /> the purposes of the corporation or to such organization or organizations, as the court shall <br /> determined, which are so qualified and are organized and operated exclusively for such <br /> purposes. <br /> ARTICLE VII <br /> MEMBERSHIP <br /> Each community development corporation, individual, business organization, development- <br /> oriented venture fund, local governmental agency, public charity or private foundation which is <br /> involved in economic development activity, including the management of a Revolving Loan <br /> Fund ("RLF") operated within the area of operations of the corporation, with an interest in <br /> supporting the purposes of the corporation, may apply to become a member by contributing <br /> funds to the corporation for use by the corporation as working capital or may apply to participate <br /> through the deposit of funds in a loan fund maintained in an escrow account established <br /> pursuant to an escrow agreement by depositor, corporation and a bank or other independent <br /> financial institution, which escrow agreement provides in part that (i) title and ownership of the <br /> funds deposited in such loan fund shall remain in the depositor; (ii) the income derived from the <br /> loan fund, net of expenses of the escrow agent shall be paid to the corporation; (iii) loan fund • <br /> principal may be advanced to corporation upon receipt of directions as set forth in the escrow <br /> agreement; and (iv) deposit to the loan fund shall be returned to the depositor upon notice of <br /> 2 <br />