ARTICLE XIV. SHARES OF STOCKS, DIVIDENDS, AND CERTAIN LOANS PROHIBITED
The Federation shall not authorize or issue shares of stock, nor pay any dividends, nor make any loans to its member organizations, members of the Board of Directors, officers, agents, or employees.
ARTICLE XV. LIMITATION OF ACTIVITIES
No part of the net earnings of the Federation shall inure to the benefit of or be distributed to its member organizations, officers, other private individuals, or organizations organized and operating for profit, except that the Federation shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of its purposes as set forth in Article II hereof. No substantial part of the activities of the Federation shall be the carrying on of propaganda or otherwise attempting to influence legislation. The Federation shall not participate in, or intervene in (including the publishing or distributing of statements), any political campaign on behalf of any candidate for public office. Notwithstanding any provision in these Bylaws or in the Federation’s articles of incorporation, the Federation shall not carry on any activities not permitted to be carried on (a) by an organization exempt from Federal Income Tax under Section 501(a) of the Internal Revenue Code of 1986 as an organization described in Section 501(c) (3) of such Code (or the corresponding provisions of any future United States internal revenue laws), (b) by an organization described in Sections 509(a)(1), (2), or (3) of the Internal Revenue Code of 1986 (or the corresponding provisions of any future United States internal revenue laws), or (c) by an organization described in Section 170(c)(2) of the Internal Revenue Code of 1986 (or the corresponding provision of any future United States internal revenue law).
ARTICLE XVI. INSPECTION OF BOOKS AND RECORDS
All books and records of the Federation may be inspected by any member of the Board of Directors, or any member organization of the Federation through its duly-designated official representative, agent, or attorney, for any proper purpose at any reasonable time.
ARTICLE XVII. AMENDMENTS TO THE BYLAWS
The bylaws may be amended by a two-thirds majority vote of the Board of Directors.Committee.