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Page 81 3 . The corporation shall have no capital stock , pay no dividends , distribute no part of the income to its members , directors , or officers , and private property of the subscribers , members , directors , and officers shall not be liable for the debts of the corporation . 4 . Notwithstanding any other provision of these articles , the corporation shall not carry on any activities not permitted to be carried on by . ( a ) an organization exempt from federal income taxation under section 501 ( c ) ( 3 ) of the Internal Revenue Code of 1954 ( or corresponding provisions of any subsequent revenue laws ) or ( b ) a corporation , contributions to which are deductible under Section 170 ( c ) ( 2 ) of the Internal Revenue Code of 1954 ( or corresponding provisions of subsequent revenue laws ) . 5 . No substantial part of the activities of the corporation shall be carrying on of propaganda , or otherwise attempting to influence legislation , and the corporation shall not participate in , or intervene in ( including the publishing or distribution of - the statements ) , any political campaign on behalf of or in opposition to any candidate for public office . ARTICLE IX BYLAWS The Bylaws of the Corporation shall be adopted by the initial Board of Directors and general membership at the organization meeting of the COALITION . Bylaws may thereafter be amended by affirmative vote of two - thirds ( 2 / 3 ) of the DIRECTORS present and voting , at any meeting of the DIRECTORS called for that purpose provided that such meeting be held after first giving thirty ( 30 ) days written notice mailed to each member of the DIRECTORS . Prior written notice may be waived by the member of the DIRECTORS provided the waiver of notice be in writing . ARTICLE X DISSOLUTION In the event of dissolution , all assets remaining after payment of all costs and expenses of such dissolution shall be disbursed to such scientific , educational , and charitable organizations rules exempt by the Internal Revenue Service under Section 501 ( c ) ( 3 ) and Section 170 ( c ) ( 2 ) of the Internal Revenue Code of 1954 ( or corresponding provisions of any subsequent revenue laws ) having goals and objectives similar to those of this corporation as may be selected by the last Board of Directors , and none of the assets will be distributed to any members , officers , or directors of this corporation .