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2015-10-19 Planning Board Project File-Lead Agent
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2015-10-19 Planning Board Project File-Lead Agent
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5/2/2016 <br />Olivet Acndemy <br />Page three <br />Olivet Academy, Provisional Charter, p. 3.jpg <br />making provision for the payment of all the liabilities of the corporation, transfer the <br />remaining assets of the corporation to Olivet University, 6 Barclay Street, 5th Floor, New <br />York, NY 10007, exclusively for one or more exempt purposes, within the meaning of <br />section 501(c)(3) of the Internal Revenue Code of 1986 (or the corresponding provision of <br />any future Federal tax code), or shall distribute the same to the Federal government, or to a <br />state or local government, for a public purpose. Any such assets not so disposed of shall be <br />disposed of by order of the. Supreme Court of the State of New York in the judicial district <br />where the principal office of the corporation is then located, exclusively for such purposes or <br />to such organization or organizations, organized and operated exclusively for such purposes, <br />as said Court shall determine. <br />9. The principal office of the corporation shall be located at 6 Barclay Street, 5`h Floor, <br />New York, NY 10007. <br />10. The Commissioner of Education is designated as -.the representative of the <br />corporation upon whom process in any action or proceeding against it may be served. <br />11. Such provisional charter will be made absolute if, within one year after the date <br />when this charter is granted, the corporation shall acquire resources and equipment which <br />are available for its use and support and which are sufficient and suitable for its chartered <br />purposes in the judgment of the Regents of the University, and shall be maintaining an <br />institution of educational usefulness and character satisfactory to the Regents. Prior to the <br />expiration of said one-year period, an application for the extension of such provisional <br />charter or for an absolute charter will be entertained by the Regents, but in the event that <br />such application is not made, then at the expiration of said term of one year, and upon notice <br />by the Regents, such provisional charter shall terminate and become void and shall be <br />surrendered to the Regents. <br />-A t_� ff __�_ 6,61 - <br />Chancellor <br />Granted, October 27, 2015 by -the Board <br />of Regents of The University of the <br />State of New York, for and on <br />behalf of the State Education <br />Department, and executed under <br />the seal of said University and <br />recorded as Number 26,369. <br />President of the University. and <br />Commissioner of Education <br />https://mail.google.com/mail/u/0/#search/charter+tracy?projector=1 1/1 <br />
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