CHOCORUA LAKE ASSOCIATION
We, the undersigned persons of lawful age, hereby associate together to form a New Hampshire Voluntary Corporation under the provisions of RSA Chapter 292 as amended.
1. The name of the corporation shall be the “Chocorua Lake Association.”
2. The objects for which the corporation is established are to prevent pollution and commercial and other activities detrimental to the preservation of Chocorua Lake in as natural a state as possible as a national scenic landmark; to promote the common good and general welfare of the Chocorua Lake Basin; to provide facilities and services within the Chocorua Lake Basin which are not provided by the Town of Tamworth such as providing and maintaining civic betterments, roads and recreational facilities for the accommodation of persons within the area and the general public, policing the area and the properties within it, disposing of waste materials in a non-offensive manner, promoting conservation and conducting forestry operations in the Basin as a common forest preserve.
3. No part of the net earnings of the corporation shall inure to the benefit of, or be distributable to its members, trustees, 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 Article 2. 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 (including the publishing or distribution of statements) any political campaign on behalf of any candidate for public office. Notwithstanding any other provision of these articles, the corporation shall not carry on any other activities not permitted to be carried on (a) by a corporation exempt from Federal income tax under section 501(c)(3) of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Law) or (b) by a corporation, contributions to which are deductible under section 170(c)(2) of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Law).
4. Upon the dissolution of the corporation, the Board of Trustees shall, after paying or making provision for the payment of all of the liabilities of the corporation, dispose of all of the assets of the corporation exclusively for the purposes of the corporation in such manner, or to such organization or organizations organized and operated exclusively for charitable, educational, religious, or scientific purposes as shall at the time qualify as an exempt organization or organizations under section 501(c)(3) of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Law), as the Board of Trustees shall determine. Any such assets not so disposed of shall be disposed of by a New Hampshire Court of competent jurisdiction exclusively for such purposes or to such organization or organizations said Court shall determine, which are organized and operated exclusively for such purposes.
5. The place in which the business of the corporation is to be carried on is Tamworth, New Hampshire.
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Witnessed August 25, 1979, by John E. Waylett, Samuel I. Bowditch, Cornelia B. Wheeler, John C. Woodhouse and Peter M. Snyder; and recorded Tamworth Town Records, August 28, 1979, by Ruth Beckwith, Town Clerk. Copied June 2, 1991, by John B. Wheeler, Secretary, Chocorua Lake Association, from Official signed copy in the files of the CLA, dated March 30, 1968.