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            "text": "The Board of Trustees of the Corporation is authorized and empowered to purchase insurance covering the liabilities and obligations of the Corporation and insurance protecting the Trustees, officers, and employees of the Corporation."
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            "text": "ARTICLE XII",
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            "text": "DURATION AND DISSOLUTION",
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            "text": "The period of duration of the Corporation shall be perpetual or until dissolved through a majority vote by the members of its Board of Trustees that authorizes such dissolution. In the event of dissolution of the Corporation, all liabilities and obligations of the Corporation shall be paid and discharged, or adequate provisions shall be made therefor. Following any such payments and discharges, any and all assets of the Corporation shall be distributed for one or more exempt purposes within the meaning of section 501(c)(3) of the Internal Revenue Code, or corresponding section of any future federal tax code, or shall be distributed or conveyed to Kentucky State University. Should Kentucky State University no longer be an entity, all assets will be transferred to the federal government, or to a state or local government, for a public purpose."
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