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Page t50 Herbert Hooven Treasure Coast Health Council 8895 N . Military Trail Suite 300E Palm Beach Gardens , FL 33410 Jean Kline , BSN HRS - Indian River County Public Health Unit 1900 27th Street Vero Beach , FL 32960 ARTICLE VII POWERS The corporation shall have all powers now or hereafter granted by law to nonprofit corporations under Chapter 617 of the Florida Statutes , and in addition thereto shall have all powers lawfully necessary or required to carry out its purposes and objectives . The corporation shall have the power and authority to receive , buy and otherwise acquire by gift , devise , inheritance or otherwise real and personal property of the kind and character necessary to promote the purposes and objectives of the corporation and hold , use , pledge , mortgage , encumber , sell , lease , invest , and reinvest the same , and collect and disburse the income and principal thereof for such purposes , and to borrow money and issue notes and bonds of any kind and character . A recitation in any deed of conveyance made by the corporation that the sales has been authorized by a majority of the Board cf Directors shall protect the purchaser of such property . ARTICLE VII LIM .TTATIONS This corporation is organized under a non - stock basis in compliance with Section :; 501 . ( c ) ( 3 ) of the Internal Revenue Code , or corresponding section of any future federal tax code . 1 . All assets and earnings of the corporation shall be used exclusively for the exempt purposes hereinbefore set forth , including payment of expenses incidental thereto . 2 . No earnings of the corporation will in any event inure to the personal benefit of any member , officer , or board member of the corporation or to any organization or individual , provided that reasonable compensation may be paid to any member , officer , or board member of the corporation in exchange of one or more of its purposes stated herein .