Section 1. Purposes. The purpose of the Corporation shall be set forth in its Articles of Incorporation including maintaining a College of Health Professions to prepare eligible students for associate and bachelor degrees and training in the health professions; to contribute to educational activities relevant to the continuing delivery of optimal healthcare in the region; and to promote and carry on research related to healthcare.
The corporation is organized exclusively for charitable, scientific, and educational purposes as a nonprofit Corporation. Its activities shall be conducted for the for the aforesaid purposes in such a manner that no part of its net earnings will inure to the benefit of any member, trustee, officer or individual. No substantial part of its purpose will be to engage in carrying on propaganda or otherwise attempting to influence legislation.
All references in these bylaws to the Articles of Incorporation shall be construed to mean the Articles of Incorporation of the Corporation as from time to time amended or restated.
Section 2. Powers. Subject to the express limitation that the Corporation shall neither have nor exercise any power, nor shall it engage directly or indirectly in any activity, that would invalidate its status (a) as a corporation which is exempt from federal income taxation as an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, or (b) as a corporation to which contributions are deductible under Section 170(c)(2) of the Internal Revenue Code of 1986, the enumeration of specific objects, purposes and powers shall not limit or restrict the meaning of the of the general powers of the College, and the College shall have and exercise all powers and rights not otherwise denied nonprofit corporations by the laws of the State of Main are necessary, suitable, proper, convenient, or expedient to the attainment of the purposes set forth herein, subject to Article IV of these bylaws.