LAKE HIGHLANDS GIRLS CLASSIC LEAGUE
BYLAWS
A. Purpose. The Lake Highlands Girls Classic League (“LHGCL,” “Classic League,” or
“League”) is a Texas non-profit corporation and shall have all of the powers,
duties, authorizations and responsibilities as provided in the Texas Non-Profit
Association Act (“Act”); provided, however, the Classic League shall neither
have nor exercise any power, nor shall it engage directly or indirectly in any
activity that would invalidate its status as a corporation that is exempt from
federal income taxation as an organization described in Section 501©(3) of the
Internal Revenue Code of 1986, as amended, or corresponding provisions of any
subsequent federal tax law (“Code”), or as a corporation the contributions to
which are deductible under Section 170(a)(1) of the Code by virtue of being
charitable contributions as defined in Section 170(c)(2) of the Code. The
purposes for which the Classic League is organized are:
1. To operate exclusively for religious,
charitable, scientific, literary, or educational purposes within the meaning of
Section501 ©(3) of the Code, by engaging directly in support of such purposes
or by making distributions to other organizations for use, by the distributees, ‘in support of such purposes; and
2. To provide an advanced-level soccer
league for the Under 11 through Under 19 female soccer players of the
Dallas/Fort Worth and North Texas area as determined by the Board of Directors
from time to time; and
3. To promote soccer, to exert an influence
for good on the life of the community; to elevate the standards of integrity,
honor, loyalty, courage and courtesy among the youth of our community and all
others participating in the game of soccer; and to cultivate the spirit of good
fellowship among the Classic League’s Members; and
4. To engage in any and all lawful
activities incidental to the foregoing purposes, except as otherwise restricted
herein. LHGCL shall not carry on, other than as an insubstantial part of its
activities, activities that are not in furtherance of its purposes.
B. Affiliation. LHGCL, while a separate non-profit corporation, is associated with the Lake
Highlands Soccer Association (“LHSA”). However, LHSA shall have no liability or
responsibility for any misfeasance, malfeasance, or nonfeasance, or any debts
or obligations of the Classic League and shall have no obligation or duty to
supervise, oversee, or otherwise police or be cognizant of the activities of
the Classic League. LHGCL, through its affiliation with Lake Highlands Soccer
Association, is a member of the North Texas State Soccer Association (“NTSSA”)
and will recognize the authority, rulings, and laws of that body, which were
founded on the rules, rulings and law of, and is affiliated with, the United
States Youth Soccer Association (“USYSA”), the United States Soccer Federation
(“USSF”), and the Federation Internationale de
Football Association (“FIFA”).
C. Conduct
of Corporate Affairs. The affairs of the Classic League shall at all times
be conducted in a manner consistent with the requirements of the Act and Code
as such requirements affect tax exempt organizations.
D. Investments. The League shall have the right to retain all or any part of any property,
real, personal, tangible or intangible, acquired by it in whatever manner, and
pursuant to the direction and judgment of the Board of directors, to invest and
reinvest any funds held by it without being restricted to the class of
investments available to Officers by law or any similar restriction; provided,
however, that no action shall be taken by or on behalf of the League if such
action would result in denial of the League’s exemption from federal income
taxation due to the provisions of Section 503 of the Code and its regulations
as they now exist or as they may hereafter be amended. In the event the League
is not a Public Charity, no action shall be taken by or on behalf of the League
if such action is a prohibited transaction or act giving rise to an excise tax
or would result in denial of the League’s exemption from federal income
taxation due to the provisions of Section 507 or Chapter 42 of the Code and its
regulations as they now exist or as they may hereafter be amended.
E. Gifts. The Board of Directors may accept on behalf of the League any contribution,
gift, bequest, or devise for the general purposes or for any special purpose of
the League.
F. Operation
Prohibitions. The League and its Board of Directors shall not do any act
which shall constitute a basis for denial of tax exemption under applicable
laws, including, without limitation, the following:
1. The League shall not:
a. Lend any part of its income or corpus,
without receipt of adequate security and a reasonable rate of interest;
b. Pay any compensation in excess of a
reasonable allowance for salaries or other compensation for personal services
actually rendered;
c. Make any part of its services available
on a preferential basis;
d. Make any substantial purchase of
securities or any other property for more than adequate consideration in money
or money’s worth;
e. Sell any substantial part of its
securities or other property for less than an adequate consideration in money
or money’s worth; or
f. Engage in any other transaction
which results in a substantial diversion of its income or corpus to a person
who has made a substantial contribution to the League, a member of the family
of such person, or a corporation controlled by such person.
2. The League shall not accumulate out of
income amounts which are:
a. Unreasonable in amount or duration in
order to carry out the purpose or function constituting the basis for tax
exemption;
b. Used to a substantial degree for purposes
or fractions other than those constituting the basis for tax exemption; or
c. Invested in such manner as to jeopardize
the carrying out of the purpose or function constituting the basis for tax
exemption.
3. The League shall not enter into any
contract, transaction, or act if such contract, transaction, or act would
result in denial of the League’s exemption from federal income taxation due to
the provisions of Section 503 of the Code and its regulations, as they now
exist or as they may hereafter be amended.
4. The Board of Directors is empowered to
make and enter into any loan agreement with any financial @institution or
entity as determined by the Board of Directors if such loan shall be used for
the furtherance of the League’s purpose.
G. Principal
Office. The principal office of the Classic League in the State of Texas
shall be located at such place within Dallas County, Texas, as the Board of
Directors may determine or as the affairs of the Classic League may require
from time to time.
H. Registered
Office. The Classic League shall have and continuously maintain in the
State of Texas a registered office, and a registered agent whose office is
identical with such registered office, as required by the Act. The registered
office may be, but need not be, identical with the principal office of the
Classic League ‘in the State of Texas, and the address of the registered office
may be changed from time to time by the Board of Directors.