by an organization exempt under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (or the
corresponding provision of any future United States Internal Revenue Law).
a.
The Association will distribute its income for each tax year at such time and in such manner so that it will not become
subject to the tax on undistributed income imposed by Section 4942 of the Internal Revenue Code of 1986, as
amended, or corresponding provisions of any later federal tax laws.
b.
The Association will not engage in any act of self-dealing as defined in Section 4941(d) of the Internal Revenue Code
of 1986, as amended, or corresponding provisions of any later federal tax laws.
c.
The Association will not retain any excess business holdings as defined in Section 4943(c) of the Internal Revenue Code
of 1986, as amended, or corresponding provisions of any later federal tax laws.
d.
The Association will not make any investments in a manner that would subject it to tax under Section 4944 of the
Internal Revenue Code of 1986, as amended, or corresponding provisions of any later federal tax laws.
e.
The Association will not make any taxable expenditures as defined in Section 4945(d) of the Internal Revenue Code
of
1986, as amended (or corresponding provisions of any of any future federal tax code).
ARTICLE XIII
Upon the dissolution of the Association, assets shall be distributed by the Board for one (1) or more exempt purposes within
the meaning of section 501 (c)(3) of the Internal Revenue Code, or corresponding section of any future federal tax code, or
shall be distributed to the federal government, or to a state or local government for a public purpose. Any such assets not so
disposed of shall be disposed of by the District Court of the county in which the principal office of the Association is then
located, exclusively for such purposes or to such organization or organizations, as said Court shall determine, which are
organized and operated exclusively for such purposes.
ARTICLE XIV
Section 1. Representative Council
. There is hereby created a Representative Council and, for the purpose of
election and
administration of said Representative Council, there shall be five (5) Association districts as at present provided and there
shall hereby be created a Representative Council of five (5) members from each of these districts. (The districts as
established at the time of the adoption of these Articles are as follows:)
The Northwest District, comprising the following counties: Lyon, Osceola, Dickinson, Emmet, Kossuth, Sioux, O’Brien,
Clay,
Palo Alto, Plymouth, Cherokee, Buena Vista, Pocahontas, Woodbury, Ida, Sac, Calhoun, and Monona.
The Northeast District shall contain the following counties: Winnebago, Worth, Mitchell, Howard, Winneshiek,
Allamakee, Hancock, Cerro Gordo, Floyd, Chickasaw, Fayette, Clayton, Bremer, Black Hawk, Buchanan, Delaware,
Dubuque, Benton, Linn, Jones, and Jackson.
The Central District shall contain the following counties: Humboldt, Wright, Franklin, Butler, Webster, Hamilton, Hardin,
Grundy, Boone, Story, Marshall, Tama, Dallas, Polk, Jasper and Poweshiek.
The Southwest District shall contain the following counties: Crawford, Carroll, Greene, Harrison, Shelby, Audubon,
Guthrie, Pottawattamie, Cass, Adair, Madison, Warren, Mills, Montgomery, Adams, Union, Clarke, Fremont, Page, Taylor,
Ringgold, and Decatur.
The Southeast District shall contain the following counties: Iowa, Johnson, Cedar, Clinton, Scott, Marion, Mahaska,
Keokuk, Washington, Muscatine, Davis, Van Buren, Lee, Louisa, Lucas, Monroe, Wapello, Jefferson, Henry, Des
Moines, Wayne, and Appanoose.
Section 2. Representatives. The Class “A” schools in each district shall be entitled at all times to four (4)
representatives each on the Representative Council. The Class “AA” schools in each district shall be entitled at all times
to one (1) representative on the Representative Council.
Section 3. Terms and Vacancies. Members of the Representative Council shall be elected for a five-year term and each
member shall succeed himself but once, the election being based on a numerical application of a five-year rotation plan
with one (1) member from each district retiring each year.
Any office of the Representative Council shall become vacant if the incumbent ceases to be a principal or
superintendent, by removal from the respective Association district or by withdrawals from the teaching profession; by
resignation, suspension, expulsion, or lapse of membership of his school in the Association; by a change of
classification within the district, except that a council member elected to represent a certain class high school, whose school
changes from one class to another by reason of increase or decrease in enrollment, shall continue to serve his term as long
as he remains in the original district.
In case of a vacancy, except during the summer, due to any cause, the Board of Control shall conduct an election in the
prescribed manner and the elected member shall serve during the unexpired term. If the vacancy occurs during the
summer, the new member will be elected the same as is stated in Sections 4 and 5 of this Article for a new member.