Hospice and Palliative Care of Northern Colorado

THE SPECIFIC PURPOSE OF THE CORPORATION SHALL BE TO HOLD TITLE TO AND MANAGE CERTAIN REAL AND PERSONAL PROPERTY OF THE CORPORATION; PERFORM SUCH ADDITIONAL AND OTHER ACTIVITIES AS MAY BE INCIDENTAL TO THE FOREGOING; AND DISTRIBUTE TO TRU COMMUNITY CARE, A COLORADO NONPROFIT CORPORATION, NOT LESS THAN ANNUALLY, ALL OF THE CORPORATION'S NET INCOME IN EXCESS OF THE ORDINARY AND NECESSARY EXPENSES FOR THE OPERATION, MAINTENANCE, REPAIR, TAXES, INSURANCE AND OTHER CURRENT EXPENSES, AND/OR TO, MAKE REASONABLE ADDITIONS TO DEPRECIATION RESERVES AND OTHER RESERVES.