Articles of Incorporation

    The purposes for which said corporation is formed are as follows:

A.   The corporation is organized exclusively as a nonstock, non-profit exempt organization under Section 501(c)(3) of the Internal Revenue Code (or the corresponding provisions of any future United States Internal Revenue Law) the objectives of which are to:

1.   Organize, conduct or support those projects, programs, studies and activities which (a) monitor and protect the water quality of Leesville Lake and its watersheds as well as activities which could affect such water quality, (b) assist in the clean-up of the waters in, and shorelines of, Leesville Lake, (c) assist in the safe recreational use of Leesville Lake, (d) assist the geographic area surrounding Leesville Lake in its development as, and work to improve its status as, a premier recreational and residential area, and (e) participate in and foster optimum water levels in Leesville Lake in conjunction with the Smith Mountain Pumped Storage Hydro Project, now and in the future.

2.   Educate and provide, directly or indirectly, instructions and information to individuals, educational institutions, public and private, and the general public concerning (a) results of all water quality monitor programs, (b) practices which will protect and maintain the environment and water quality in, and shorelines of, Leesville Lake and its watersheds, (c) the safe recreational use of the waters of Leesville Lake and its surrounding areas, (d) selected commercial and governmental activities which could affect the overall environmental conditions in the geographic area of Leesville Lake, and (e) how to foster optimum water levels in Leesville Lake in conjunction with the Smith Mountain Pumped Storage Hydro Project, now and for the future.

B.   The assets of the corporation shall be at all times dedicated to the purposes set out above, and no part of the net earning 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 Section 501(c)(3) purposes. 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 (1) by a corporation exempt from Federal income tax under Section 501(c)(3) of the Internal Revenue Code (or corresponding provisions of any future United States Internal Revenue Law) or (2) by a corporation, contributions to which are deductible under Section 170(c)(2) of the Internal Revenue Code (or corresponding provisions of any future United States Internal Revenue Law). The corporation may solicit and receive funds and property by gift, transfer, devise or bequest, and may administer and apply such funds and property only in the furtherance of the objectives set out above.

C.   Upon dissolution of the corporation, the Board of Directors shall, after paying or making provision for the payment of all of the liabilities of the corporation, transfer and convey all of the assets of the corporation to, and only to, one or more organizations as determined by the Board of Directors as having exclusively charitable religious, scientific or educational purposes and recognized as exempt from Federal income taxation under Section 501(c)(3) of the Internal Revenue Code, as amended, (or corresponding provisions of any future Internal Revenue Law). Any such assets not so disposed of shall be disposed of by the Circuit Court of the county in which the principal office of the corporation is then located by distribution to organizations that the Court determines are organized and operated exclusively for charitable, educational, religious, or scientific purposes as at the time shall qualify as an exempt organization(s) under Section 501(c)(3) of the Internal Revenue Code (or the corresponding provisions of any future United States Internal Revenue Law).