Jefferson County - JCEDC - Articles of Incorporation


Jefferson County Economic Development Corporation



ARTICLE 3 - PURPOSES - Page 1 of 2

1. PURPOSE: The corporation is organized exclusively for charitable, educational, scientific or religious purposes within the meaning of Section 501(c)(4) of the Internal Revenue Code. To the extent consistent with the above general purposes, the specific purposes of the corporation shall be as follows:

(A) Communitv Development:

(I) To promote constructive, economic and industrial development.

(2) To promote the creation and retention of jobs and tax base.

(B) Government Assistance:

(I) To lessen the burdens of government.

(2) To increase aids received from broader governmental units.

(C) Education:

(I) To promote the training of individuals for the purpose of improving or developing his or her personal and/or workplace capabilities.

(2) To promote the instruction for private sector entities on subjects useful to the conduct of business within the community.

(D) Location of Activities: The activities of the corporation shall be carried out in Jefferson County, Wisconsin.

2. OPERATIONAL LIMITATIONS: Notwithstanding any other provisions 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)(4) of the Internal Revenue Code of 1986, as amended (or the corresponding provision 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 of 1986, as amended (or the corresponding provision of any future United States Internal Revenue Law).

(A) No substantial part of the activities of the corporation shall consist in carrying on propaganda or otherwise attempting to influence legislation, unless by appropriate election a greater part is permitted without jeopardizing the corporation's exemption under IRC Section 501(c)(4). The corporation shall neither participate in, nor intervene in, any political campaign on behalf of (or in opposition to) any candidate for public offtce, including the publishing or distribution of any statements.

(B) No part of the net earnings or net income of the corporation shall inure to the benefit of any private individual or officer or director of the corporation. Nothing herein, however, shall prohibit the corporation from paying to officers, directors, employees or others reasonable compensation for personal services rendered which are necessary to carrying out the exempt purposes of the corporation.




The Chairman of the Jefferson County Board of Supervisors will recommend to the Board of Directors nominations for the six (6) at large members.

The Corporation shall seek nominations to the Board of Directors from each County, City, Village or Township under contract with the Corporation in any fiscal year.

Directors and officers shall be elected by the Board and shall take office in July each year at the annual meeting of this corporation, and shall serve for one (I) year or until their resignation or removal.

All Directors have equal voting rights.

Any vacancies occurring on the Board of Directors shall be filled by Board election as governed by the Articles of lncorporation.

An alternate may be named by a Director to attend a specific meeting with full voting rights, in the event the director is unable to attend a meeting, subject to the approval of the Executive Committee. The Executive Committee will approve alternates once a year.

The Corporation shall have the authority to create various classes of membership at the discretion of the Board. The Board, at its discretion, may increase the number of Board Directors.