established by the board of trustees may be a member of the organiaation. Each member shall be entitled to one vote ARTICLE V. Restrictions (a) No part of the net earnings of the Corporation shall inure to the benefit of, or be distributable to, its directors, trustees, officers, or other private persons, except that the Corporatian shall he authorired and empowered to pay reasonable Compensation for services rendered and property. Notwithstanding any other provision of these articles, the Corporation shall not carry on any activities not permitted to be carried on by a Corporation exempt from Federal income tax under section 501(c)(1) of the internal Revenue Code of 1986 or the corresponding provision of any future United States Internal Revenue Law thereinafter, the "Code". (b) This Paragraph (b) shall apply only if the Corporation is or becomes a private foundation as that term is defined by Section 509 of the Code. The Corporation shall expend or distribute its income for each year at such rime and in such amount and manner as not to subject it to tax under Section 4942 of the Code; and shall refrain from any act of self dealing, any retention of excess business holdings, any investment and any taxable expenditure which would subject it to tax under sections