1) The GMAA is organized for the purpose of fostering and conducting amateur sports competition within the meaning of Section 501 (c) (3) of the current version of the Internal Revenue Code or any corresponding  future section and will function exclusively for said purpose.

2) The GMAA is formed pursuant to the Vermont Nonprofit Corporation Act, Title 11, Chapter 19, VSA. the GMAA is not organized for pecuniary profit. It will not have any power to issue certificates of stock or declare dividends. No part of the net earnings of the GMAA will inure to the benefit of, or be distributable to, its members, directors, officers, or other private persons, except that the GMAA will be authorized and empowered to pay reasonable compensation for services rendered  and to make payments and distributions in furtherance of the purposes set forth herein.

3) The GMAA may accept gifts, donations, and receive property by devise or bequest subject to the laws regulating the transfer of property will and to apply the principal or interest as may be directed by the donor or as the Board of Officers of the GMAA may determine in the absence of such directions, in aid and furtherance of the purposes set forth herein.

4) No substantial part of the GMAA will involve propaganda or otherwise attempting to influence legislation and the GMAA will not participate in, or intervene in (including the publishing or distribution of statements) any political campaign on behalf of any candidate for public office.

5) Notwithstanding any other provision of these articles, the GMAA will not carry on any other activities not permitted to be carried on by a corporation exempt from Federal Income Tax under Section 501 (c) (3) of the Internal Revenue Code or corresponding future section, by a corporation, contributions to which are deductible under Section 170 (c) (2) of the Internal Revenue Code or corresponding future section.

6) Upon dissolution of the GMAA the Board will, after paying or making provision for the payment of all GMAA’s liabilities, distribute the assets of the GMAA for one or more exempt purposes within the meaning of Section 501 (c) (3) of the current Internal Revenue Code or corresponding future section as the Board determines appropriate. Any assets not so disposed of will be disposed of by a court of competent jurisdiction exclusively for such exempt purposes as said court determines.