Corporate Articles of Amendment

LOCH RAVEN IMPROVEMENT ASSOCIATION, INCORPORATED

(1)


(2)  Loch Raven Improvement Associated, Incorporated, a Maryland corporation, hereby certifies to the State Department of Assessments and Taxation of Maryland that:


(3) (A) The charter of the corporation is hereby amended as follows: 

Loch Raven Improvement Association, Inc., is organized exclusively for charitable, religious, educational, and scientific purposes, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under section 501 (c) (3) of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Law).


(B) No part of the net earnings of the Loch Raven Improvement Association, Inc., shall inure to the benefit of, or be distributable to, its members, trustees, officers, or other private persons, except that the Loch Raven Improvement Association, Inc., shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the purpose set forth in Article Third hereof. 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 (a) by a corporation exempt from Federal Income tax under section 501 (c) (3) of the Internal Revenue Code of 1954 (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 (c) (2) of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Law).


(C) Upon the dissolution of the corporation, the Board of Trustees shall, after paying or making provision for the payment of all of the liabilities of the corporation, dispose of all of the purposes of the corporation exclusively for the purposes of the corporation in such manner, or to such organization or organizations organized and operated exclusively for charitable, educational, religious, or scientific purposes as shall at the time qualify as an exempt organization or organizations under section 501 (c) (3) of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Law), as the Board of Trustees shall determine. Any such assets not so disposed of shall be disposed of by the Court of Common Pleas of the county in which the principal office of the corporation I than 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. In witness whereof, we have hereunto subscribed our names this March 26, 2008.


These amendments of the charter of the corporation have been approved by

(4) “The Directors and Membership”.

We the undersigned President and Treasurer swear under penalties of perjury that the foregoing is a corporate act.


(5)________________________________ (5)_____________________________

President                                                  Treasurer


(6) 

LOCH RAVEN IMPROVEMENT ASSOCIATION, INC.

P.O. BOX 66226

BALTIMORE,  MD 21239

(410) 435-5577