A. COOPER PARK DEVELOPMENT COMPANY IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, LITERARY, SCIENTIFIC, AND EDUCATIONAL PURPOSES SET FORTH IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. B. MORE SPECIFICALLY, THE COMPANY IS A "SUPPORTING ORGANIZATION" AS SAID TERM IS DEFINED IN SECTION 509(A)(3) OF THE CODE. THE SUPPORTED ORGANIZATION IS THE KNOX COUNTY LAND REUTILIZATION COMPANY, A NON-PROFIT COMPANY EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) OF THE CODE AND NOT A PRIVATE FOUNDATION PURSUANT TO SECTION 509(A)(1) OF THE CODE. THE COMPANY SHALL BE ORGANIZED AND OPERATED TO CONDUCT AND SUPPORT THE SUPPORTED ORGANIZATION'S EXEMPT PURPOSES.