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<br />Regulations as they now exist or as they may hereafter <br />be amended. <br /> <br />B. <br /> <br />Upon dissolution of the corporation or the winding up of <br />its affairs, the assets of the corporation shall be <br />distributed to the City of San Marcos, Texas, or (if <br />that City is not then in existence or refuses to accept <br />such assets), exclusively to charitable, scientific or <br />educational organizations which would then qualify under <br />the provisions of Section 501(c)(3) of the Code and its <br />Regulations as they now exist or as they may hereafter <br />be amended. <br /> <br />AR;rICLE FIVE <br /> <br />INITIAL REGISTERED OFFICE AND AGENT <br /> <br />The street address of the initial registered office of the corpora- <br />tion is 302 West Hopkins, Suite 5, San Marcos, Texas 78666 and the <br />name of its initial reg istered agent at such address is <br /> <br />ARTICLE SIX <br /> <br />BOARD OF TRUSTEES <br /> <br />The number of trustees constituting the initial Board of Trustees <br />of the corporation is seven (7), and the names and addresses of <br />the persons who are to serve as the initial trustees are: <br /> <br />Name <br /> <br />Address <br /> <br />Initial Term <br /> <br />John J. Schulz <br /> <br />123 N. Mitchell <br />San Marcos, Texas <br /> <br />1 year <br /> <br />78666 <br /> <br />Robert Northcutt <br /> <br />Route 2, Box 326J <br />San Marcos, Texas <br /> <br />2 years <br /> <br />78666 <br /> <br />Barnett Baker <br /> <br />Route 8, Box 158B <br />New Braunfels, Texas <br /> <br />3 years <br /> <br />78130 <br /> <br />1 year <br /> <br />2 years <br /> <br />3 years <br /> <br />3 years <br /> <br />3. <br />