501 Procter Street INC

THE ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES , INCLUDING , FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALITY AS EXEMPT ORGANIZATIONS DESCRIBED UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND TO ASSIST THE CITY OF PORT ARTHUR, TEXAS ECONOMIC DEVELOPMENT CORPORATION IN FINANCING, CONSTRUCTIONG, REHABILITATIOG, RENOVATING, REPAIRING, EQUIPPING FURNITURE, LEASING PROPERTIES, FACITITIES, STREET IMPROVEMENTS AND PARKING LOTS.