Opera Guilds History
of The Santa Fe Opera, Inc.
We support the Education and Community Programs of The Santa Fe Opera
A classic Santa Fe sunset, seen from The Santa Fe Opera looking West towards the Jemez Mountains , July 2011 . At the Opera, it's magical!
bylaws review meeting of the Guilds, February 2012
Bylaws of The Guilds of The Santa Fe Opera, Incorporated
The name of the Corporation is The Guilds of the Santa Fe Opera, Incorporated (hereafter referred to as the “Corporation”.
The seal of the Corporation shall be circular in form and shall bear on its outer edge the words “The Guilds of The Santa Fe Opera, Inc.” and in the center the words “Corporate Seal New Mexico”. The Board of Directors may change the form of the seal and the inscription thereon at its discretion.
(a) A Certification of Incorporation of The New Mexico Opera Guild, Inc. was certified on October 9, 1963, by the State of New Mexico.
(b) Bylaws of the Corporation were amended and revised on April 10, 1987.
(c) A Certificate of Comparison of The Guilds of The Santa Fe Opera, Inc. (Formerly: The New Mexico Opera Guild, Inc.) was certified on May 18, l987, by the State of New Mexico
(d) Bylaws of the Corporation were amended and revised on December 15, 1999.
(e) Bylaws of the Corporation were amended and revised on March 14, 2008.
(f) Bylaws of the Corporation were amended and revised on February 4, 2012.(g) Bylaws of the Corporation were amended and revised on March 19, 2016.
(a) Board: The Board of Directors of the Corporation.
(b) Board of Directors: The Officers, Standing Committee Chairs, and Presidents of member
(c) Corporation: The 501(c)(3) non-profit organization known as The Guilds of The
Santa Fe Opera, Incorporated.
(d) Honorary Member: An ex officio, non-voting Board member of the Corporation.
(e) May: The term “may” as used in these bylaws refers to an optional choice.
(f) Member Guild: A constituent guild of the Corporation, which for Internal Revenue
Service purposes, functions as a “subsidiary organization” of the
(g) Officer: President, President-Elect, Treasurer, Recording Secretary,
Corresponding Secretary, Vice-President of Development,
Vice-President of Membership, and Vice President of Education.
(h) Opera The Santa Fe Opera.
(i) Opera Volunteer
Liaison: The Santa Fe Opera’s appointed representative to the Corporation and
its member guilds.
(j) Shall: The term “shall” as used in these bylaws refers to a mandated
(k) Standing Committee: Financial Review, Preview Dinner Events, Publicity, and Youth Night
ARTICLE II LEGAL STATUS, PURPOSE, OBJECTIVES, AND MISSION
The Guilds of the Santa Fe Opera, Inc. is and is intended to be a supporting organization as defined, operated, supervised, or controlled pursuant to the provisions of Section 501(c)(3) of the Internal Revenue Code. Said organization is organized exclusively for charitable, religious, education, and scientific purposes, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under section 501(c)(3) of the Internal Revenue Code, or corresponding section of any future federal tax code.
The Corporation shall not discriminate on the basis of age, race, religion, ethnicity, national origin, gender, gender preference, or disability in any of its activities or operations. The Corporation is committed to providing a diverse, inclusive, and welcoming environment for all Guild members, volunteers, vendors, customers and guests.
The fiscal year of the Corporation shall begin October 1 and conclude on September 30.
The purpose of the Corporation is to provide leadership to member guilds by:
(a) Acting as the parent organization in an umbrella structure for legal and tax purposes.
(b) Setting general policies which comply with requirements of its 501(c)(3) status.
(c) Assisting the member guilds in order to ensure cooperation, coordination, communication, and the sharing of ideas.
The Corporation’s mission is to support the work and goals of The Santa Fe Opera’s Education and Community Programs Department (herein referred to as “the Opera”) through volunteering, fundraising, and community activities.
The objectives of the Corporation are:
(a) to provide year-round support for the work and goals of the Opera.
(b) to ensure cooperation, coordination, and communication with the Opera in policy matters, education and community programs, and fundraising by member organizations.
(c) through non-partisan advocacy for the arts, to promote opera in order to build lasting audiences, enrich lives, and make the opera accessible to all segments of the community.
Section 2.05 Parliamentary Authority
Robert's Rules of Order shall be the parliamentary authority of all procedural matters of the Corporation unless otherwise stated in these bylaws.
Members shall consist of member guilds which, through their representatives, shall assist the Board of Directors in carrying out the purpose of the Corporation.
The General Director of the Opera and the President of the Board of Directors of the Opera shall be honorary members of the Corporation.
a) A member guild shall be defined as an organization with its own Board of Directors, elected Officers, and established bylaws, which shall not conflict with the bylaws of the Corporation.
b) Each member guild shall elect, at a minimum, the following officers: President, Treasurer, Secretary, Vice-President of Membership, and Vice-President of Education, who are current guild members.
c) The President of a member guild shall serve on the Board of Directors of the Corporation and on its Executive Committee.
d) Each member guild shall prepare and retain quarterly treasury and membership reports.
e) Each member guild shall comply with the requirements of the Opera to supply names of donors of $150 and above for inclusion in the Opera’s Festival Program.
f) Each member guild shall submit volunteer hours contributed by members directly to the Volunteer Liaison of the Opera on a quarterly basis.
g) A member guild shall not individually incorporate but shall establish a Federal Tax Identification Number (herein referred to as “TIN”).
h) A specific post office box in the name of the member guild shall be established and maintained.
i) A bank account shall be established and maintained, preferably with a local or New Mexico-based bank. Checks over $1,000 are required to have the signature of two officers of the member guild.
j) Each member guild shall pledge and make a cash contribution of a minimum of $1,000 annually to the Corporation.
Member Guild Names
Consistent with respective TINs, the official name of each member guild shall consist of two parts:
a) " <location> Opera Guild", for example: Albuquerque Opera Guild or Taos Opera Guild.
At no time may a member guild use “Inc.” or “Incorporated” as part of its location name.
b) The location name of the guild shall be followed by "The Guilds of The Santa Fe Opera, Inc." For example:
Albuquerque Opera Guild
The Guilds of The Santa Fe Opera, Inc.
The definite article “The” may be dropped from the official name when deemed appropriate for context, space considerations.
This official and formal name shall be used on all letterhead, business cards, press materials, and correspondence (printed or electronic). Informally, a guild may refer to itself as "<location> Opera Guild"; for example "Albuquerque Opera Guild", but this shortened name shall not be used in any formal or official capacity.
Each member guild shall manage its respective policies and internal affairs to include the election of officers, the adoption of its own bylaws, and management of its funds. Such policies and bylaws shall not conflict with the governance of the Corporation or specific regulations for member guilds set forth in these bylaws.
The Corporation shall establish categories of annual guild membership and determine the dues appropriate to each category. Member guilds may determine which of the established categories to offer to their members.
In addition to local membership categories, the Corporation shall provide a “National Member” category for individuals who live outside the areas of existing member guilds. Alternatively, members may elect to join or retain membership in a member guild of their choice.
At the discretion of each member guild, annual membership by individual members may be based on the fiscal year or correspond to the anniversary date when the member last paid dues to the member guild.
In a format determined by the Board of the Corporation, each member guild shall submit treasury reports to the Treasurer of the Corporation as follows:
a) A quarterly treasury report 15 days prior to quarterly meetings.
b) A year-end treasury report by the time of the Annual Meeting.
Uncommitted funds are those funds not dedicated to specific budget items. Each member guild shall submit all uncommitted funds to the Corporation on a quarterly basis and by the time of the Annual Meeting. In like manner, the Corporation shall contribute the Corporation’s uncommitted funds to the Opera on the same schedule.
Each member guild shall submit membership reports to the Vice-President of Membership of the Corporation as follows:
a) A quarterly membership report 15 days prior to quarterly meetings.
b) A year-end membership report by the time of the Annual Meeting.
Each member guild shall submit education reports to the Vice-President of Education of the Corporation as follows:
a) A quarterly education report 15 days prior to quarterly meetings.
b) A year-end education report by the time of the Annual Meeting.
Each member guild shall submit a report of activities to the Corporation as follows:
a) A quarterly activity report 15 days prior to quarterly meetings for inclusion in the newsletter.
b) A summary activity report by the time of the Annual Meeting for inclusion in the Annual Report.
With the approval of the Board of Directors (see Article IV), the Corporation may from time to time establish member guilds in such locations of the United States as it shall determine. A new member guild shall abide by the procedures outlined in these bylaws.
A. A member guild may be dissolved at the discretion of the guild itself. Upon dissolution of any member guild, all funds other than those needed for incurred financial obligations held by such guild shall be remitted to the Treasurer of the Corporation as provided for in the Certificate of Incorporation and these Bylaws. The member guild’s bank account shall be closed and a copy of the final bank statement shall be forwarded to the Treasurer of the Corporation.
B. The Board of Directors has the authority to dissolve any member guild by means of a quorum majority vote of the Directors. Failure to forward any contribution or funds to the Corporation for the period of a year may be considered sufficient cause to dissolve the member guild.
No director, officer, or member of any member guild shall receive direct or indirect payment for volunteer services rendered to the Corporation or to any member guild.
In specific cases, a member guild may reimburse authorized expenses to Board members or members of the guild. A member guild shall be authorized to pay reasonable compensation for services rendered by third-party professionals and to make payments on behalf of the member guild.
Third-party contracts entered into by a member guild shall be authorized by the Board of that guild under its official name and shall not, in any way, obligate the Corporation.
The Board of Directors of the Corporation shall consist of officers, standing committee chairs, and presidents of member guilds.
Officers of the Corporation include: President, President-Elect, Treasurer, Recording Secretary, Corresponding Secretary, Vice-President of Development, Vice-President of Membership, and Vice-President of Education.
B. Standing Committee Chairs
The elected Chairs of Youth Night, Publicity, and Preview Dinners Events shall become members of the Board.
C. Presidents of Member Guilds
The elected President of each member guild shall be a member of the Board.
D. Volunteer Liaison of The Santa Fe Opera
In addition, the Volunteer Liaison shall be an ex officio, non-voting member of the Board.
(a) The term of office of all Officers of the Board shall be two years, corresponding to the Corporation’s fiscal year.
(b) The term of office for each Standing Committee Chair shall be one year corresponding to the fiscal year.
(c) The term of office for each member guild President shall coincide with his/her term of office.
Except as otherwise required by law or these bylaws, the property, affairs, business, and powers of the Corporation shall be managed, controlled, and exercised by the Board of Directors. All Directors must be current in payment of their dues to the member guild to which they belong throughout their term of office.
Those eligible to vote at meetings of the Board of Directors of the Corporation shall be limited to the following:
(a) All elected Officers and Standing Committee Chairs of the Corporation.
(b) The President of each member guild, or, in his/her absence, a member of the Board of Directors of the same guild, who has been appointed as an alternate by the member guild President.
At any election, any board member may request the use of a paper ballot.
Any Director may be removed from office at any time by a quorum majority vote of the Board of Directors. A Director who is proposed to be removed shall be notified in writing of any action to be taken no less than five calendar days prior to consideration of removal at a regular Business Meeting or Special Meeting. The President shall notify the Director in writing of the resolution.
Any Director may resign at any time by written notice of resignation, which shall be effective upon receipt by the Board of Directors.
In the event of death, resignation, or disability of a Director, the vacant position shall be filled as specified in these bylaws by the same election protocol and for the remainder of the term.
In the absence of fraud or bad faith, Directors shall not be personally liable for the debts, obligations, or liabilities of the Corporation.
No Director of the Corporation shall receive direct or indirect payment for volunteer services rendered to the Corporation or to any member guild.
In specific cases, a Director member may be reimbursed for authorized expenses. The Corporation shall be authorized to pay reasonable compensation for services rendered by specialized professionals and to make payments on behalf of the Corporation.
Officers of the Corporation shall be elected by the Board of Directors.
Elected Officers shall have such responsibilities and duties, as authorized by the Board, and which generally pertain to their respective offices, as well as such responsibilities and duties as from time to time may be determined by the Board.
The President shall preside at meetings, shall maintain relationships with the Opera staff through the Opera’s Volunteer Liaison, and shall appoint members to committees as necessary under the powers authorized in these bylaws.
The President is an ex officio member of all Corporation Committees, except the Nominating Committee.
The President of the Corporation shall not simultaneously be the President of a member guild; however, he/she may be an officer of a member guild at the discretion of that guild.
Responsibility: As Executive Officer of the Corporation, the President is responsible for the oversight of the Corporation’s activities and for its relationships with member guilds. He/she represents the Guilds at meetings of both committees and the Board of Directors of The Santa Fe Opera, and as the representative of the New Mexico opera guilds in its relationship with other arts organizations.
At the discretion of the member guild, the President-Elect may simultaneously be the President of a member guild. The President-Elect shall carry out prescribed duties, to include presiding over meetings in the absence of the President.
Responsibility: Throughout his/her term, the President-Elect shall act as chair of the Nominating Committee, serve on the Financial Review Committee, and attend Corporation Board meetings and other events, becoming familiar with the duties and obligations of the President.
C. Recording Secretary
The Recording Secretary shall keep an accurate record of all meetings of the Board of Directors.
Responsibility: The Recording Secretary shall record and disseminate meeting minutes and maintain the official records of the organization. The Recording Secretary shall have custody of the corporate seal of the Corporation and shall have the authority to affix the same to any instrument requiring it, and when so affixed, it may be attested by his/her signature.
D. Corresponding Secretary
The Corresponding Secretary shall issue written and electronic correspondence on behalf of the Corporation.
Responsibility: The Corresponding Secretary shall draft, issue and maintain written and electronic correspondence which from time to time may be assigned by the Board.
The Treasurer shall be responsible for financial oversight, to include maintaining all appropriate financial records.
Responsibility: The Treasurer shall collect, deposit, and distribute all funds of the Corporation. The Treasurer shall prepare and present quarterly reports and upon request by the President. The Treasurer shall prepare and present a cumulative report of year-to-date finances of the Corporation at the Annual Meeting.
F. Vice-President of Development
By default, the position of Vice President of Development shall be assumed by the immediate Past President of the Corporation. In the event the Past President is unwilling to serve in this capacity, the position shall be filled by nomination and election as specified in these bylaws.
Responsibility: The Vice President of Development shall work on special projects designated by the Board which seek to develop new areas of support for the Opera in New Mexico communities not currently served by a guild. Development activities should encourage the Opera’s advocacy efforts throughout the state by developing contacts with local policy-makers regarding guild activities within their respective communities.
G. Vice-President of Membership
The Vice-President of Membership shall chair a Membership Committee, comprised of the corresponding officers from each member guild, which may meet separately from quarterly meetings. The Vice-President of Membership shall prepare and present cumulative reporting at each Corporation meeting.
Responsibility: The Vice President of Membership shall work with Opera staff and member guilds to promote guild membership and is responsible for obtaining, on a quarterly basis, accurate reports of membership records from member guilds, in a format determined by the Board, a copy of which shall be forwarded to the Opera.
H. Vice-President of Education
The Vice-President of Education shall chair a committee comprised of the corresponding education officers from each member guild, and which may meet separately from quarterly meetings.
Responsibility: The Vice President of Education shall work with member guilds to organize community educational programs and to support and promote the work and goals of the Opera’s Education and Community Programs. The Vice-President is responsible for obtaining, on a quarterly basis, reports of education outreach from member guilds.
An Officer may resign at any time by giving written notice of such resignation to the Board of Directors, the President, or the Secretary of the Corporation. Such resignation shall take effect upon receipt by the Board.
In the event of death, resignation, or disability of an Officer or committee chair, the vacant position shall be filled by the same election protocol and for the remainder of the term.
In the absence of fraud or bad faith, officers and committee chairs shall not be personally liable for the debts, obligations, or liabilities of the Corporation.
Nominations shall be made by the Nominating Committee, which shall draw up its slate of nominees in time to be presented at the third quarter general business meeting of the Corporation. Additional nominations may be made from the floor by attendees at the Annual Meeting, provided that there is evidence of a willingness to serve by the nominee.
Officers shall be elected at the Annual Meeting by a quorum majority vote of the Board of Directors. Each Director shall have one vote; no proxies shall be allowed. The term of office shall commence at the beginning of the fiscal year.
The Executive Committee shall consist of the President and the President-Elect and the Presidents of each member guild. In a situation requiring action prior to a regularly scheduled meeting, the Executive Committee may act. A report of its actions shall be presented at the next regularly scheduled meeting of the Board of Directors.
The Nominating Committee, which shall be chaired by the President-Elect, shall be elected annually from amongst the Board no later than the first quarterly meeting of the Corporation and it shall consist of no fewer than three members from three different member guilds, the President-Elect included. The Nominating Committee is responsible for developing a slate of candidates for the Board of Directors of the Corporation.
The Nominating Committee shall nominate members of the Standing Committees to perform tasks and duties as prescribed by the Board. Committee chairs shall maintain payment of annual dues throughout their respective terms.
Elected Standing Committee Chairs of the Corporation shall have such responsibilities and duties as authorized by the Board, as well as such responsibilities and duties as from time to time may be determined by the Board. Standing Committee Chairs shall provide applicable guidance to member guilds and report activities as determined by President.
The following shall be the Standing Committees, each of which shall consist of a chairperson and the equivalent positions from each member guild.
A. Youth Night Committee
The Youth Night Chair and Committee shall, in conjunction with Opera staff, coordinate guild volunteers for designated Youth Night performances at the Opera.
B. Preview Dinner Events Committee
The Preview Dinner Events Chair and Committee shall, in conjunction with Opera staff, promptly forward information to each member guild, designating dates for attendance at preview dinner events. The Chair shall provide protocol guidelines for hosting preview dinner events and shall consolidate post-event surveys and forward them to the Opera staff.
C. Publicity Committee
The Publicity Chair and Committee shall publish newsletters and propose updates to appropriate sections of the Opera’s webpage as deemed necessary. Upon instructions from the Board, the Chair shall arrange for a variety of forms of publicity including a website and/or appropriate social media outlets.D. Financial Review Committee
(a) Committee Appointment. The President shall appoint a Financial Review Committee of no fewer than three members of the Board of Directors, who are not authorized signatories on the Corporation’s bank account(s).
(b) Task of Committee. The Committee shall annually review the financial records of the Corporation as specified by the Board and which shall be provided by the Treasurer. Materials shall include a copy of the check register, all bank statements, and invoices and receipts.
The Committee shall be responsible for ensuring that the Corporation’s financial statements and procedures are evaluated in order to determine that adequate fiscal controls and procedures are in place, that the Corporation is in good financial health, and that the Corporation is operating in accordance with the laws of the State of New Mexico and Internal Revenue Service (IRS) regulations.
The review shall include financial records of each member guild, every two years following the end of a fiscal year. A report of actions and resolutions, in a format determined by the Board, shall be submitted to the Board of Directors.
The Board of Directors may appoint individuals to act singularly or as a member of a committee to provide assistance or expert advice. Each advisor shall serve for a period designated by the Board, and shall have only such authority or obligations as the Board of Directors shall determine. A Director may serve as an advisor.
The Board of Directors of the Corporation, by resolution adopted by a quorum majority vote, may create one or more committees to fill special needs of the Board.
Each Special Committee shall consist of two or more Directors, along with one or more members of a member guild who may be willing to serve. No committee shall have the authority to amend or repeal these bylaws, elect or remove any officer or director, or authorize the dissolution of the Corporation. Members of the Board shall always hold a majority of the positions on a Special Committee.
A report of each committee’s actions, recommendations, and decisions shall be presented at the next scheduled meeting or special meeting of the Board of Directors for its approval.
Members of special committees shall serve for one year until the next Annual Meeting of the Board or until the work of that committee is completed, whichever comes first.
A quorum shall consist of not less than 51% of Board members of the Board of Directors for any meeting. If a quorum is present at the commencement of a meeting, a quorum shall be deemed present throughout such meeting. The act of a majority of the Directors present at a meeting, at which a quorum is present, shall be the act of the Board.
The Board of Directors shall hold general business meetings on a quarterly basis each fiscal year, to include the Annual Meeting. The Board shall provide written notice of time and place, which shall be forwarded not less than fourteen days prior to meetings. The minutes of the proceedings shall be filed in the Corporation's records.
The President may call a special meeting at any time and shall be required to do so if requested in writing by at least four Board members, who must state a specific reason for needing to address business which cannot be delayed until the next quarterly meeting. Written notice of special meeting shall be given to the Board as soon as possible. The minutes of the proceedings shall be filed in the Corporation's records.
In addition to the regularly-scheduled business meetings of the Corporation, the Board may call for action on an item of business which requires action before the next quarterly meeting. Such action may take place through electronic means or by way of telephone conference capability.
The President may authorize an electronic or telephone conference meeting if a quorum majority of the Directors are able to participate.
Whether action is taken verbally or in writing, the President (or other designated Director) is responsible for ensuring that all questions which come before the Board are presented to the Board as a formal motion with a second and, if applicable, a date designated by which all votes must be received. Regardless of the voting method used to tally votes, they shall be officially reported to the Board without the names of voters or their preferences being recorded. The action resolution, which is agreed upon, shall be filed with the minutes of proceedings of the Board.
C. Electronic Communications
If the Board of Directors consents in writing through fax or by electronic mail to the adoption of any resolution authorizing any action, that consent shall be regarded as agreement by the Board.
D. Telephone Conference
If this method of conferring is available to a quorum majority of the Board, all persons participating in the meeting must be able to communicate with one another, and such participation shall constitute presence in person at the meeting. Voting shall be conducted by voice approval, tallied by the President (or other designated Director), and the result reported to the Board.
The Annual Meeting of the Corporation shall be held during the month of September for the transaction of such business as may properly come before the Board. Written notice of the time and location shall be forwarded not less than fourteen days prior to meetings. Minutes of proceedings shall be filed in the Corporation's records.
Directors are expected to attend all meetings of the Corporation. Individual members of any member guild, in good standing, are welcome to attend meetings of the Corporation as guests.
A. Notification of Absence
Any Director shall notify the President or Secretary in advance of all meetings confirming his/her attendance. Member guild Presidents unable to attend shall designate a member of their Board to attend as a replacement.
B. Excessive Absence
Any Director who is absent from two consecutive Board meetings in a fiscal year shall be deemed to have resigned unless the absence is excused by the President. That position shall be declared vacant, unless the Board of Directors affirmatively votes to retain that Director.
In the event that a member guild’s President resigns from the Board of the Corporation, the Board of that member guild shall elect or appoint a Director to serve until a new member guild president takes office.
Except as otherwise provided by law or these bylaws, decisions shall be determined by a quorum majority vote of the Board of Directors.
All funds of the Corporation shall be placed in an established account or accounts in such banks, trust companies, or other depositories as recommended by the Treasurer and approved by the Board, although preference should be given to a local or New Mexico-based institution. Endorsements for deposit to the credit of the Corporation, in any of its duly designated depositories, shall be made in such manner as the Treasurer shall recommend and the Board approve.
As the parent organization under the IRS, the Corporation is responsible for all funds collected and managed by all member guilds. However, member guilds may retain and use for their local needs all funds budgeted as necessary for the furtherance of each member guild’s mission statement.
Loans or advances shall not be contracted on behalf of the Corporation, and notes or other evidences of indebtedness shall not be issued in its name, except as authorized by the Board of Directors. No loans shall be made by the Corporation to its Board of Directors.
All checks, drafts, notes, or other orders for the payment of money shall be signed by authorized Directors of the Board. Expenditures of more than $1,000 shall require the signatures of two authorized Directors of the Corporation, unless they are Board-approved contributions from member guilds to be made payable to The Santa Fe Opera.
Articles of Incorporation, Bylaws, and Standing Rules of the Corporation may be adopted, amended, or repealed by a quorum majority vote of the Board of Directors.
Proposed amendments or repeals to the Articles or Bylaws shall be distributed to the Board not less than 30 days prior to any scheduled meeting.
Amendments or repeals to the Articles or Bylaws shall be ratified by a quorum majority vote of the Board of Directors and recorded in the minutes of the Corporation. As Articles or Bylaws of the Corporation are approved, copies of documents in their final form shall be immediately distributed to each member of the Board and to the Boards of Directors of all member guilds.
The Corporation may maintain Standing Rules, which are supplementary to and not in conflict with these Bylaws.
Standing Rules may be proposed and ratified without prior notice by a quorum majority vote. Amendments or repeals shall be ratified by a two-thirds vote (without notice) of the Board of Directors. Additions, amendments and repeals shall be recorded in the minutes of the Corporation. Standing Rules may be suspended by a quorum majority vote for a meeting. As Standing Rules of the Corporation are approved, copies of documents in their final form shall be immediately distributed to each Director and to the Boards of Directors of all member guilds.
No substantial part of the activities of the Corporation shall be the carrying on of propaganda, or otherwise attempting to influence legislation, and the organization shall not participate in, or intervene in (including the publishing or distribution of statements) any political campaign on the behalf of any candidate for public office.
The Corporation shall not carry on any activities not permitted by a Corporation exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code (or the corresponding provision of any future United States Internal Revenue law); or by a Corporation, contributions to which are deductible under Section 170(c)(2) of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue law).
The Corporation shall not engage in any activity or transact its business in any way that would cause it to be ruled a private foundation as defined in Section 509 of the Internal Revenue Code (or the corresponding provision of any future United States Internal Revenue law).
In the event of the dissolution of the Corporation, all of its assets, property, resources, and funds shall be paid directly to The Santa Fe Opera. Any such assets not disposed of shall be disposed of by the Court of Common Pleas of the county in which the principal office of the organization is then located, exclusively for such purposes or to such organization or organizations, as said Court shall determine, which are organized and operated exclusively for such purposes.