UCSB SIGMA CHI HOUSE CORP

THIS CORPORATION IS A NONPROFIT MUTUAL BENEFIT CORPORATION. THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO HOLD TITLE TO PROPERTY, COLLECT INCOME THEREFROM, AND TURN OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO SIGMA CHI CORPORATION, WHICH IS AN ORGANIZATION THAT IS EXEMPT UNDER SECTION 501 OF THE INTERNAL REVENUE CODE OF 1986." THE PURPOSE OF THE PROPERTY IS USE AS A CHAPTER HOUSE FOR SIGMA CHI FRATERNITY, WHICH CHAPTER HAS BEEN TEMPORARILY SUSPENDED. IN MEANTIME, THE CORPORATION RENTS TO OTHER STUDENTS AND HOLDS NET RECEIPTS FOR THE PURPOSE STATED.