In the event of dissolution, the residual assets of the organization will be turned over only to such non-profit corporations as would qualify as a non-profit corporation under Section 501(c)(3) of the Internal Revenue Code. In addition:
(a) No part of the net earnings of the Corporation shall inure to the benefit of, or be distributable to its members, trustees, directors, officers, or other private persons, except that the Corporation shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the purposes set forth in these Articles of Incorporation. No substantial part of the activities of the Corporation shall be the carrying on of propaganda, or otherwise attempting to influence legislation and the Corporation shall not participate in, or intervene in any political campaign on behalf of or in opposition to any candidate for public office.
(b) Anything contained in these Articles of Incorporation to the contrary notwithstanding, the Corporation shall not carry on or otherwise engage in any activities not permitted to be carried on or engaged in by
i. A corporation exempt from federal income tax under Section 501©(3) of the Internal Revenue Code, as amended, or any corresponding section of any future tax code;
ii. A corporation, contributions to which are deductible under Section 170©(2) of the Internal Revenue Code, as amended, or any corresponding section of any future tax code; or
iii. A corporation organized and existing under the Commonwealth of Pennsylvania Non-profit Corporation Code.
(c) In the event of the dissolution and liquidation of this Corporation, to the extent allowed or permitted under applicable laws, the property and assets of the Corporation shall be, as determined by the Board of Directors, distributed to or sold and the proceeds of such sales distributed
i. To only such non-profit corporations as would qualify as a non-profit corporation under Section 501©(3) of the Internal Revenue Code, as amended, or
ii. The American Radio Relay League (ARRL), or if for any reason the ARRL is unable or unwilling to accept such distribution, any other organization(s) organized and operating for the same purposes for which the Corporation is organized and operating or any organization(s) foundation(s), fund(s) or corporation(s) organized and operating exclusively for religious, charitable, scientific, or educational or other purposes permitted by Section 501(c)(3) of the Internal Revenue Code, as amended, all of which such organizations, foundations, funds or corporations shall be exempt under Section 501(c)(3) of the Internal Revenue Code. In the event that any assets are not disposed of in accordance with the provisions of these Articles of Incorporation, the court of Venango County shall, upon application of one or more persons having a real interest in the Corporation or its assets, make such distribution(s) as provided in these Articles of Incorporation.