6 Foundation Dissolution

Section 6.1. General

In the event of dissolution of the Foundation, all of the Foundation's assets, real and personal, shall be distributed to Henry Ford Community College or its successor as is qualified as tax-exempt under Section 501(c)(3) of the Internal Revenue Code of 1954, as amended (the "Code"), or corresponding provisions of any subsequent Federal income tax laws. Any assets of the .Foundation not so disposed of shall be distributed to such charitable organization or organizations as are qualified as tax-exempt under Section 501(c)(3) of the Code or corresponding provisions of any subsequent Federal income tax laws as the Board of Trustees of Henry Ford Community College shall determine. Any such assets not disposed of in accordance with the aforesaid directions shall be disposed of by order of the Circuit Court for the County of Wayne to such organization or organizations as said Court shall determine, which are organized and operated exclusively for charitable purposes.