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The ownership and control of all property of what ever kind or character acquired by the organization shall be and remain in said corporation and shall not be subject to the control of any other person or body. Upon the dissolution or disbanding of the organization or other termination of its corporate existence, the property shall be disposed as follows:

Pay all outstanding bills and obligations of the organizations.

The balance shall be distributed, transferred, conveyed, delivered, or paid over to another organization designed at a regular or special meeting of the board of directors and whose purposes are compatible with purposes of this not-for-profit corporation and which are exempt under IRS section 501 (C) (3) or corresponding provisions of any subsequent federal tax laws.

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