The specific purpose of this corporation is to preserve, support and promote the sports of paragliding and hang gliding
This corporation is organized and operated exclusively for the purposes set forth within the meaning of Internal
Revenue Code section 501(c)(3).
No substantial part of the activities of this corporation shall consist of carrying on propaganda, or otherwise
attempting to influence legislation, and this corporation shall not participate or intervene in any political campaign
(including the publishing or distribution of statements) on behalf of any candidate for public office.
The property of this corporation is irrevocably dedicated to the purposes set forth herein and no part of the net
income or assets of this corporation shall ever inure to the benefit of any director, officer or member thereof or to
the benefit of any private person.
Upon the dissolution or winding up of this corporation, its assets remaining after payment, or provision for payment,
of all debts and liabilities of this corporation shall be distributed to a nonprofit fund, foundation or corporation which
is organized and operated exclusively for charitable, educational and/or religious purposes and which has
established its tax-exempt status under Internal Revenue Code section 501(c)(3).
Notwithstanding any of the above statements of purpose and powers, this corporation shall not, except to an
insubstantial degree, engage in any activities or exercise any powers that are not in furtherance of the specific
purpose of this corporation.