nineteen hundred and forty-six - Amazon Web Services

PROCEEDINGS 27
THE SOUTHERN BAPTIST FOUNDATION
STATE OF TENNESSEE
COUNTY OF DAVIDSON
Be it known that (persons to be named).
and their successors, chosen under the terms and provisions of this Charter, are
hereby constituted a body politic and corporate under chapter 80 of the Public
Acts of the General Assembly of Tennessee of 1923, which is an amendment to
the general incorporation act, chapter 142, of the Acts of Tennessee of the
General Assembly of 1875, under the terms and conditions hereinafter set out,
to wit:
I.
The name of the corporation shall be: SOUTHERN BAPTIST FOUNDA­
TION.
II,
The principal office of the corporation shall be in the City of Nashville, in
the State of Tennessee.
III.
The corporation is organized for missionary, educational and benevolent
purposes and not for profit, hence no capital stock shall be required or issued,
and no dividends or profits shall be divided among the members of the corporation.
It is established:
1. To encourage and motivate the making of gifts, donations, and benefactions
by deed, by will, by gift, annuity contracts, or otherwise, for the advancement,
promotion, extension and maintenance of the various causes and
objects now or at any time hereafter fostered by the Southern Baptist Convention.
.
2. To serve the Southern Baptist Convention, and any and all agencies, now
or any time hereafter created by, controlled by, fostered by or officially sanctioned
by the Southern Baptist Convention, in the State of Tennessee, the
United States of America, and any foreign country, nation or territory.
IV.
The period of duration of this corporation shall be unlimited, it being intended
that the same shall be perpetual, with the right to terminate its corporate
existence in a manner prescribed by the laws of the State of Tennessee.
V.
The affairs of this corporation shall be managed by a Board of Directors
of twenty-two persons, constituted as follows: The President of the Southern
Baptist Convention and the President of the Executive Committee of the
Southern Baptist Convention, ex officio members; nine Baptist laymen of business
experience, five of whom shall live in Nashville; the other members shall be the
Presidents of the four General Boards, the Presidents of the Boards of the five
Southwide institutions, the Chairman of the Executive Committee of the Baptist
Brotherhood, and the President of the Woman's Missionary Union. The
Board shall elect an investment committee, the members of which may or may
not be members of the Board of Directors.
VI.
The persons named in the charter as incorporators shall be members of and
constitute the first Board of Directors of the corporation, and they shall hold
office until such time as their successors, or the successors of any of them, shall
be chosen by the Southern Baptist Convention.
VII.
The general powers of the corporation shall be:
(1) To take, receive, own, hold, administer, distribute and dispose of proper-