Articles of Agreement

Articles of Agreement Revision 10/04
Wolfeboro Community Television

ARTICLE 1: The name of this non-profit corporation shall be Wolfeboro Community Television, Inc.

ARTICLE 2: The object for which this non-profit corporation is established is: to provide a public, education and government (PEG) access cable television facility and to do all reasonable acts reasonable related to the aforementioned purpose, including , but not limited to, the acquisition, ownership, and operation of property, real or personal, to raise funds, to invest and manage such funds and to contract for such services related to the purpose.

The non-profit corporation is organized exclusively for any purpose for which an organization may be exempt from federal taxation under section 501(c) (3) of the Internal Revenue Code including for such purposes as the making of distributions to organizations that qualify as exempt organizations under section 501 (c) (3) of the Internal Revenue Code, or the corresponding section of any future federal tax code. The corporation shall not in any way violate the provisions of the Internal Revenue Code Section 501 ( c ).
Not withstanding any other provisions of these articles, this organization shall not carry on any activities not permitted to be carried on by an organization exempt from Federal income tax under section 501 (c )(3) on the Internal Revenue Code of 1986 or the corresponding provision of any future United States Internal Revenue law.

ARTICLE 3: The provisions for establishing and participation in this non-profit corporation are:
The Board of Directors shall consist of:: (1) a member of the Wolfeboro Board of Selectmen; (2) a member of the Governor Wentworth Regional School District Board or its designee; (3) a member of the Wolfeboro Area Chamber of Commerce; (4) a member of the Wolfeboro business community not a member of the Wolfeboro Area Chamber of Commerce; members 1-4 shall be appointed by the Town of Wolfeboro Board of Selectmen (5) the Principal of the Region 9 Vocational TECHNICAL EDUCATION CENTER; (6,7,8,9 dependant upon the number of Member Communities) Member Community Representatives; a member of the general public either residing or working in a Member Community appointed by the Board of Selectmen of the Member Community and (the remaining Board Members 6-9 that are not Member Community Representatives) Members of the general pubic either residing in or employed in the Town of Wolfeboro or a Member Community appointed by members 1-5 of the Board of Directors and the Member Community Representatives on the Board of Directors.. Terms shall be for three years except that the members of the original Board shall be two for three years, two for two years and one for one year. The coordinator of Wolfeboro Community Television shall be an ex-officio member of the Board.

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ARTICLE 4: In the event of dissolution, the residual assets of the organization will be turned over to one or more organizations which themselves are exempt as organizations described in section 501(c )(3) and 170 (c )(2) of the Internal revenue Code of 1986 or corresponding sections of any prior or future Internal Revenue Code, or to the Federal, State, or local government for- exclusive public purpose. 
Upon dissolution all outstanding debts of the non-profit corporation shall be paid prior to distribution to the successor organization. No benefit, except for approved compensation as set forth herein, shall be conferred upon any officer, director, or member upon dissolution.

ARTICLE 5: The address at which the business of this non-profit corporation is to be carried is:
Wolfeboro Community Television
384 South Main Street
Wolfeboro, New Hampshire 03894

ARTICLE 6. The amount of capital stock is NONE. The number of shares or membership certificates is NONE

ARTICLE 7. Provision eliminating or limiting the personal liability of a director, an officer or both, to the corporation for monetary damages for breach of fiduciary duty as a director, or an officer or both is: The officers or directors or both of the corporation shall not be liable to the non-profit corporation for monetary damages for breach of their fiduciary duties to the full extend permitted by N.H. RSA 292.

ARTICLE 8. The signatures and post office addresses of each persons associating together to form the non-profit corporation are set forth below: 
Signatures and Name Post Office Address