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ARTICLES OF INCORPORATION
FOUNDATION FOR THE PRESIDENT'S PRIVATE SECTOR
SURVEY ON COST CONTROL, INC.
He, the undersigned natural persons of the age of twenty2 years or more, adopt the following Articles of Incorporation ! rsuant to the District of Columbia Non-profit Corporation Act:
FIRST: The name of the Corporation is "Foundation for the President's Private Seci or Survey on Cost Control, Inc." (hereinafter referred to as ihe "Foundation").
The period of duration is perpetual.
THIRD: The purpose or purposes for which the Foundation is organized are as follows:
The primary purpose of the Foundation will be to assist the Private Sector Survey on Cost Control in the Federal Government established by the President of the United States. The Private sector Survey will be headed by an Executive Committee composed of distinguished leaders in the country from the private sector. The task assigned to the Private Sector Survey by the Presijent will be to review the Executive Branch of the Government in order to assist the various departments, agencies and independent establishments in performing their duties in the most efficient and cost-effective manner. The Survey will seek to identify areas of duplication, inefficiency or waste in the Government and to make recommendations with respect to improving managerial effectiveness and accountability. The Survey will submit one or more reports to the President.
The Foundation will assist the Private sector
The Foundation will not be operated for profit. The income, assets, properties and services of the Foundation will be used exclusively for charitable, scientific and educational purposes within the meaning of Section 501(c)(3) of the code (as defined in paragraph (9) of Article SIXTH below) and no part thereof shail inure to the benefit of any individual or any organization other than one qualified for a tax exemption under said Section 501(c)(3).
The Foundation shall not carry on propaganda or otherwise attempt to influence legislation; nor shall
it participate or intervene in (including the publishing
The Foundation is not to have members.
FIFTH: The affairs of the Foundation shall be managed by a Board of Trustees. The number of trustees : hall be not more than fifteen (15) nor Tess than three (3) as shall be provided in the By-laws. T::e trustees shall be elected for the term and in the manner provided in the By-laws.
SIXTH: The powers and activities of the Foundation shall be subject to the following restrictions and limitations:
(1) Notwithstanding any other provision of phese Articles only such powers shall be cxexcised sure in furtherance of the purposes of t.e loundation, i.nd as may be exercised by an orgi-nization weapt under Section 501(c)(3) of the Code and by an orgonizition contributions to which are deductible under Section 170 (c) (2) of the Code.
(2) No part of the net Cülnings of the Foundation shall inure to the benefit of any trustee, officer or employee of the Foundation or any other individual, except that reasonable compensation suay be paid for personal services which are reasonable and necessary to carry out the exempt purposes of the Foundation pursuant to Section 501(c)(3) of the code.
(3) None of the property of the Foundation, nor any profits thereof, shall, upon the liquidation, dissolution or winding up of the Foundation, whether voluntary, involuntary or by operation of law, b:2 distributed or divided imong the trustees, officers of employees of the Foundation, or any other individual, but such property or profits shall be distributed exclusively to charitable, scientific, or educational organizations which would then qualify under the provisions of Section 501(c)(3) of the code and also would meet the description of an organization described in Section 507(b) (1) (A) of the Code.
(4) The Foundation shall not engage in any act of self dealing as defined in Section 4941(d) of the Code.
(5) The Foundation shall distribute its income for each taxable year at such time and in such manner as not to become subject to the tax on undistributed income imposed by Section 4942 of the Code.
(6) The Foundation shall not retain any excess business holdings as defined in Section 4943 (c) of the Code. (7)
The Foundation shall not make any investments in such manner as to subject it to tax under Section 4944 of the Code.
(8) The Foundation shall not make any taxable expenditures as defined in Section 4945(a) of the Code.
(9) References in these Articles to a section of the "code" is a reference to that section of the Internal Revenue Code of 1954 and the regulations issued thereunder as the same are now in effect and as they may hereafter be amended.
SEVENTH: The address, including street and number, of its initial registered office is 918 16th Street N.W., Washington, D.C. 20006 and the name of its initial registered agent at such address is CT Corporation System.
EIGETH: The number of trustees constituting the initial board of Trustees is three and the nitues ind cadresses, including street and number of the persons who are to serve as the initial trustees until the first annual meeting or until their successors be elect..d ind qualified are:
NINTH: The name and address, including street and number, of each incorporator is:
I, ROBERT 3 LAMM
a Notary Public, hereby certify that on the 24th day of March, 1982, personally appeared before me Albert A. Eustis, Harmon G. Lewis and John J. Meehan, who being first duly sworn, declared that they signed the foregoing document as incorporal.ors, and that the statements therein contained are true.
(2 [2-7410600 Gleisheite! Common Expres Lerch 20. 1982
1. Purpose. This Circular provides guidance for implementation of the Pederal Advisory Committee Act, Public Law No. 92-463, 5 0.s.c. App. I, (hereinafter referred to as the . "Act") ani. Executive Order No. 11769, entitled "Advisory Committee Management."
2. Rescission. This Circular rescinds and
supersedes the December 26, 1972 revision of Circular NO. A-63 and the OMB/Department of Justice Memorandum implementation of the Federal Advisory Committee Act (see 38 Fed. Reg. 2306 (1973)).
3. Policy. In the application of principles should be followed.
a. Advisory Committee meetings should be opan
the public. Exceptions should be held to the minimum, carefully grounded in law and explained in detail. The emphasis should be on the free flow of information to the public.
b. - Advisory Committees should be limited to those re essential. Any advisory committee, which fulfilling their purposes should be terminated.
The recommendations of advisory Committees should be considered by those who sought advice, while responsible Federal officers retain authority for decisions.
d. Standards and uniform procedures for the creation, operation, and duration of advisory Committees should be established.
Definitions. Por purposes of this circular
"Act' means the Federal Advisory Committee Act.