We, the undersigned, all being persons of not less than eighteen years of age, desiring to form a corporation under the Education Law, do hereby apply to the Regents of The University of the State of New York for a provisional charter to be granted pursuant to the provisions of section 216 of such law, and do make, sign and acknowledge the following instrument.
First: The name of the proposed corporation is HISTORICAL SOCIETY OF JEWS FROM EGYPT INC.
Second: The purposes for which such corporation is to be formed are:
Third: The proposed corporation is to be a nonstock corporation organized and operated exclusively for educational purposes, and no part of the net earnings of the corporation shall inure to the benefit of any individual; and no officer, member, or employee of the corporation shall receive or be entitled to receive any pecuniary profit from the operations thereof, except reasonable compensation for services.
Fourth: The institution to be maintained by the proposed corporation is to be located at 1801 Ocean Parkway, Brooklyn, N.Y. 11223 County of Kings.
Fifth: The number of trustees is to be not less than 5 nor more than 25.
Sixth: The names and post-office addresses of the first trustees are as follows: (addresses here deleted)
Desiré L. Sakkal
Dr. Menahem Y. Mizrahi Ph.D.
Nissim C. Saban
Joseph E. Mosseri
Dr. Victor D. Sanua Ph.D.
Seventh: The Commissioner of Education is designated as the representative of the corporation upon whom process in any action or proceeding against it may be served.
Eight: 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 ©(3) of the Internal Revenue Code of 1986 (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 ©(2) of the Internal Revenue Code of 1986 (or the corresponding provision of any future United States Internal Revenue Law).
Ninth: No substantial part of the activities of the corporation shall be devoted to carrying on propaganda, or otherwise attempting to influence legislation (except to the extent authorized by Internal Revenue Code Section 501[h] as amended, or the corresponding provision of any future United States Internal Revenue Law, during any fiscal year or years in which the corporation has chosen to utilize the benefits authorized by the statutory provision), and the corporation shall not participate in or intervene on behalf of any candidate for public office.
Tenth: Upon dissolution of the corporation, the board of trustees shall, after paying or making provision for the payment of all liabilities of the corporation, dispose of the remaining assets of the corporation exclusively for one or more exempt purposes, within the meaning of section 501 ©(3) of the Internal Revenue Code of 1986 (or the corresponding provision of any future Federal tax code), or shall distribute the same 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 order of the Supreme Court of the State of New York in the judicial district where the principal office of the corporation is then located, exclusively for such purposes or the such organization or organizations, organized and operated exclusively for such purposes, as said Court shall determine.
In witness whereof, we have made, signed, and acknowledged this application on this 4 day of December 1995.