DETROIT ACHIEVEMENT ACADEMY

DETROIT ACHIEVEMENT ACADEMY A. TO RECEIVE AND ADMINISTER FUNDS AND PROPERTY AND TO OPERATE EXCLSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND, IN PARTICULAR, TO MAKE GRANTS TO BENEFIT DETROIT ACHIEVEMENT ACADEMY OR ANY OF ITS SCHOOLS, SO LONG AS SUCH PURPOSE IS A PERMISSABLE PURPOSE FOR AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, BUT IF SUCH PURPOSE IS NOT SUCH A PERMISSIBLE PURPOSE, THEN TO MAKE GRANTS TO BENEFIT EDUCATIONAL INSTITUTIONS FOR SCHOOL CHILDREN LOCATED IN DETROIT OR OTHER URBAN CITIES. B. TO ACQUIRE, OWN, DISPOSE OF AND DEAL WITH REAL AND PERSONAL PROPERTY AND INTERESTS THEREIN AND TO APPLY GIFTS, GRANTS, BEQUESTS AND DEVISES AND THEIR PROCEEDS IN FURTHERANCE OF THE PURPOSES OF THE CORPORATION. C. TO DO SUCH THINGS AND TO PERFORM SUCH ACTS TO ACCOMPLISH ITS PURPOSES AS THE BOARD OF DIRECTORS MAY DETERMINE TO BE APPROPRIATE AND AS ARE NOT FORBIDDEN BY SECTION 501(C)(3) OF