TSA Articles of Association
The undersigned TSA Representatives of the Members Clubs of the Association, all of whom are citizens of the United States, desiring to affirm the existence and organized status of this Association as a non-profit association under appropriate law, do hereby certify:
First: The name of the Association is, and shall be, the Texas Sailing Association.
Second: The principal office of the Association shall be located in the City of Dallas, Dallas County, Texas.
Third: Said Association is, and has for many years been, organized under the provisions of the By-Laws of the Association for the purpose of extending to the Southwest the availability, general supervision, and management of amateur sailing yacht racing as governed by rules and procedures set down by US SAILING, of which this Association is the representative and affiliated body in Texas.
Fourth: The Trustees of the Association shall be its duly elected Officers, to wit:
Commodore: Steve Comen, Dallas, Texas
Vice Commodore: Marie Wise, Houston, Texas
Rear Commodore: Jeff Brock, Austin, Texas
Secretary/Treasurer: Shane McInnis, Rockport, Texas
Fifth: No part of the net earnings of the Association shall inure to the benefit of, or be distributed to, its members, trustees, officers, or other private persons, except that the Association shall be authorized to pay reasonable compensation for services rendered and to make payments and other distributions in furtherance of the purposes set forth in Article Three hereof. No substantial part of the activities of the Association shall be carried out on behalf of any propaganda effort in an effort to influence legislation, nor shall the Association participate or intervene in any way in any political campaign on behalf of any candidate for public office. Notwithstanding any other provisions of these Articles, the Association shall not carry on any activities not permitted to be carried on (a) by an association exempt from Federal Income Tax under Section 501(c)(3) of the Internal Revenue Code of 1954 (or the corresponding provisions of any future United States Internal Revenue Law), or (b) by an association, contributions to which are deductible under Section 107(c)(2) of the Internal Revenue Code of 1954 (or the corresponding provisions of any future United States Internal Revenue Law).
Sixth: Upon dissolution of the Association, the Board of Trustees shall, after paying or making provisions for the payment of all the liabilities of the Association, dispose of all the assets of the Association exclusively to an organization or organizations serving the same purpose or purposes of the Association and organized and operated in a manner that qualifies them as an exempt organization or organizations under Section 501(c)(3) of the Internal Revenue Code of 1954 (or the corresponding provisions of any future United States Internal Revenue Law), as the Board of Trustees shall determine.