THE LOGAN COUNTY FAIR BOARD INC

TO RECEIVE, MAINTAIN, AND ACCEPT AS ASSETS OF THE CORPORATION ANY PROPERTY, WHETHER REAL, PERSONAL, OR MIXED, BY WAY OF GIFT, BEQUEST, DEVISE OR PURCHASE FROM ANY PEROSN, FIRM, TRUST, OR CORPORAION, TO BE HELD, ADMINISTERED, AND DISPOSED OF EXCLUSIVELY FOR CHARITABLE, HISTORICAL, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED, WHICH WOULD BENEFIT THE CITIZENS OF SOUTHERN KENTUCKY; BUT NO GIFT, BEQUEST, DEVISE, OR PURCHASE OF ANY SUCH PROPERTY SHALL BE RECEIVED OR MADE AND ACCEPTED IF IT IS CONDITIONED OR LIMITED IN SUCH MANNER AS SHALL REQUIRE THE DISPOSITION OF INCOME OR PRINCIPLE TO ANY ORGANIZTION OTHER THAT A 'CHARITABLE ORGANIZATION- OR FOR ANY PURPOSE OTHER THAN 'CHARITABLE PURPOSES' WHICH WOULD JEOPARDIZE THE STATUS OF THE CORPORATION AS AN ENTITY EXEMPT FROM FEDERAL INCOME TAX PRUSUANT TOT HE RELEVANT PROVISION OF THE INTERNAL REVENUE CODE, AS AMENDED