Nonprofit and nonpolitical nature of the University

(a) Stock The University shall have no power to issue any shares of stock or to declare or pay any dividends. (b) Nonprofit nature No part of the income or assets of the University shall inure to the benefit of any director, officer, employee, or any other individual except as salary or reasonable compensation for services. (c) Nonpolitical nature The University may not contribute to, or otherwise support, any political party or candidate for elective public office.