615.1
EFFECT OF
STATE LAW CHANGES (SEVERABILITY) - If any portion of these Bylaws shall be
determined by a final judicial decision to be, or as a result of a change in
the law of the State of North Dakota become, illegal, invalid or
unenforceable, the remainder of these Bylaws shall continue in full force and
effect.
615.2
FISCAL
YEAR - The fiscal year of NDSI shall correspond to the calendar year.
TAX STATUS; INTERPRETATION OF BYLAWS - It is intended that NDSI shall have and continue to have the status of an organization which is exempt from federal income taxation under section 501(c)(3) of the IRS Code and to which contributions, bequests and gifts are deductible for federal income, estate and gift tax purposes under sections 170(c)(2), 2055(a)(2) and 2522(a)(2) of the IRS Code, respectively. Similarly, it is intended that NDSI shall have that or similar status under the applicable state and local laws as will exempt it from taxation to the maximum extent possible to the extent not contrary to applicable federal requirements. These Bylaws shall be interpreted accordingly.