ARTICLE I: NAME
The name of the Corporation is Nebraska Association of Student
Financial Aid Administrators.
ARTICLE II: DURATION
The period of the Corporation's duration is perpetual.
ARTICLE III: PURPOSES AND POWERS
The Corporation is organized and shall be operated on a
not-for-profit basis and exclusively as a business league within
the meaning of Section 501 (c) (6) of the Internal Revenue Code of
1988 (or the corresponding provisions of any future United States
federal tax law). Without limiting the generality of the foregoing
but subject to the limitations of the foregoing, the Corporation's
purposes shall include the following:
- To promote and facilitate as a common goal of the
Corporation's members, cooperation and communication concerning
student financial aid among institutions of post-secondary
education in Nebraska.
- To promote and facilitate as a common goal of the
Corporation's members, communication between institutions of
postsecondary education in Nebraska and the sponsors of student aid
funds.
- To promote activities that will facilitate
communication with high school principals and guidance directors,
particularly those in the state of Nebraska but also including
others in neighboring states, regarding the availability of
financial assistance and the procedures to be followed by high
school seniors who wish to apply for financial assistance.
- To promote a high ethical standard of professionalism
among all those concerned with the administration of student
financial aid programs and services as contained in the Nebraska
Association of Student Financial Aid Administrators' Statement of
Good Practices.
- In furtherance of such purposes, the Corporation shall
solicit and receive financial support through membership dues,
membership contributions, membership gifts and grants of property
and funds; and hold, administer, invest and reinvest, convert and
manage such property and funds for the promotion of the
Corporation's stated purposes.
To the extent necessary to carry out such purposes, the
Corporation shall have all powers as provided in the Nebraska
Nonprofit Corporation Act; shall have the specific power to hold
property of any nature in trust for itself or the carrying out of
any of its authorized purposes; shall have the power to conduct its
activities in any state, territory, district or possession of the
United States and any foreign country; and may engage in any lawful
activities within the purposes for which the Corporation may be
organized which are incidental to and in furtherance of the
foregoing exempt purposes except are restricted herein. Provided,
however, that notwithstanding any other provision of these Articles
of Incorporation, the Corporation shall have, exercise and engage
in only such purposes, powers and activities as may be had,
exercised and engaged in by an organization exempt under section
501 (c) (6) of the Internal Revenue Code of 1988 (or the
corresponding provisions of any future United States federal tax
law).
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ARTICLE IV: REGISTERED OFFICE AND REGISTERED
AGENT
The initial registered agent is Tom Ramaeker and the street address
of the initial registered office and registered agent is Creighton
University, Office of Financial Aid, California Street at 24th,
Omaha, Nebraska 68178.
ARTICLE V: BOARD OF DIRECTORS
The initial Board of Directors shall consist of ten (10) persons
whose names and addresses are as follows:
| Wanda Halvorson |
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8510 W. Dodge Road
Omaha, NE 68114 |
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| Joan Zanders |
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1800 Syracuse
Norfolk, NE 68701
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| Jan Going |
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8800 "O" Street
Lincoln, NE 68520
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| J. Phillip Shreves |
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103 Eppley Ad. Bldg
Omaha, NE 68182-0187
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| Mike Abdouch |
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902 Capitol
Omaha, NE 68102
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| Karen Morris |
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1014 Bozwell
Crete, NE 68333
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| Tom Ramaeker |
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California St. at 24th
Omaha, NE 68178
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| Jenell Severson |
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16 Adm. Building
Lincoln, NE 68588-0411
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| Sandra Schmidt |
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Platte Campus,P.O. Box 1027
Columbus, NE 68602-1027
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| Cheri Clark |
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3339 "L" Street
Omaha, NE 68107
|
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ARTICLE VI: INCORPORATORS
The names and addresses of the incorporates are as follows:
Linda Walker
McGill, Gotsdiner, Workman & Lepp, P.C.
10010 Regency Circle
Suite 300
Omaha, NE 68114
Larry J. Steier
McGill, Gotsdiner, Workman & Lepp, P.C.
10010 Regency Circle
Suite 300
Omaha, NE 68114
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ARTICLE VII: MEMBERS
The Corporation shall have such Member of Members, with
qualifications, rights, powers, duties and methods of acceptance as
are provided for in the Bylaws.
ARTICLE VIII: DIRECTORS
The affairs of the Corporation shall be managed by a Board of
Directors, the number of which shall be specified in the Bylaws of
the Corporation, (but which shall not in any even be less than
three). Except for the initial Board of Directors named in Article
V hereof, the Directors of the Corporation shall be elected in the
manner provided by the Bylaws of this Corporation. The
qualifications of the Directors, together with their terms of
office, manner of election, removal, filling of vacancies, and of
newly created Director positions, powers, duties, and liabilities,
shall, except as otherwise provided in these Articles of
Incorporation or by the laws of the State of Nebraska, be as
prescribed by the Bylaws. The Directors may by resolution designate
and appoint one or more committees, each of which shall consist of
two or more Directors, which committees to the extent provided by
such resolution or in the Bylaws of the Corporation shall have and
exercise the authority of the Board of Directors in the management
of the Corporation; provided that no such committee shall have the
authority of the Board of Directors or the Member(s) in reference
to electing, appointing, or removing any member of such committee
or any director or officers of the Corporation.
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ARTICLE IX: OFFICERS
The officers of the Corporation shall be a President,
President-elect, Secretary, Treasurer, and State trainer, and such
other officers and assistant officers as may be provided for in the
Bylaws. The officers shall be elected by the Directors. The duties,
manner of election, and all other matters pertaining to officers
shall be as provided in the Bylaws.
ARTICLE X: BYLAWS
The initial Bylaws of the Corporation shall be adopted by the Board
of Directors. Thereafter the Member(s) shall have the exclusive
power to alter, amend, or repeal the Bylaws, or to adopt new Bylaws
at any annual, regular, or special meeting of the Member(s) and the
provisions for and the time of the annual or regular meetings or
the method of calling special meetings, both of Member(s) and
Directors, shall be as provided in the Bylaws.
ARTICLE XI: PRIVATE PROPERTY
The private property of the incorporators, Directors, officers, and
Members shall not be subject to the payment of debts or obligations
of the Corporation to any extent whatsoever.
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ARTICLE XII: USE OF EARNINGS
No part of the net earnings of the Corporation shall inure to the
benefit of or be distributable to its Directors, officers, Members,
or their other private persons, except that the Corporation shall
be authorized an empowered to pay reasonable compensation for
services rendered and to make loans, payments or distributions in
furtherance of the purposes set forth in Article III hereof. Unless
such action or activities further the common business interests of
the Corporation's members, 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 of Incorporation, the Corporation shall not carry on any
other activity not permitted to be carried on by a corporation
exempt from federal income tax under Section 501 (c) (6) of the
Internal Revenue Code of 1988 (or the corresponding provisions of
any future United sates federal tax law).
ARTICLE XIII: DISSOLUTION
Upon the dissolution of the Corporation the Board of Directors
shall, after paying and making provisions for the payment of all
the liabilities of the Corporation, dispose of the assets of the
Corporation exclusively for the purposes of the Corporation, or to
such organization of organizations organized and operated
exclusively as a business league as shall at the time qualify as an
exempt organization or organizations under Section 501 (c) (6) of
the Internal Revenue Code of 1988, (or the corresponding provisions
of any future United States federal tax law), as the Board of
Directors shall determine. Any such assets not so disposed of shall
be disposed of by the district court of the county in which the
registered office of the Corporations then located, by distributing
the same to such organization or organizations which are organized
and operated exclusively as a business league with comparable
purposes as those of the Corporation and which at the time qualify
as an exempt organization or organizations under section 501(c) (6)
of the Internal Revenue Code of 1988 (or the corresponding
provisions of any future United States federal tax law), as said
district court shall determine.
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IN WITNESS WHEREOF, the
incorporates have executed these Articles of Incorporation this
25th of October, 1991.
Linda Walker, Incorporate
Larry J. Steier, Incorporate
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