Variety Club Tent No. 6 Charities, Inc. - Page 5

                                         -5-                                          
          including the supporting of Ohio Boys Town and other charities              
          which deal primarily with underprivileged children.  As of the              
          time of the trial in the instant case, Ohio Boys Town was an                
          organization which respondent determined was exempt under section           
          501(c)(3).                                                                  
               Petitioner applied for a favorable charitable exemption                
          ruling by an application dated January 27, 1971.  In this                   
          application petitioner represented that no part of its net income           
          would inure to the benefit of any private shareholder or                    
          individual.  To this application petitioner attached a copy of              
          its articles of incorporation, which provide in pertinent part as           
          follows:                                                                    
                    THIRD:  This Corporation [petitioner] is organized                
               exclusively for charitable, religious, educational and                 
               scientific purposes, including, for such purposes, the                 
               making of distributions to organizations that qualify as               
               exempt organizations under Section 501(c)(3) of the Internal           
               Revenue Code of 1954 as amended.                                       
                              *   *   *   *   *   *   *                               
                    FIFTH:  No part of the net earning of the Corporation             
               shall inure to the benefit of, or be distributable to its              
               members, trustees, officers, or other private persons,                 
               except that the Corporation shall be authorized and                    
               empowered to pay reasonable compensation for services                  
               rendered and to make payments and distributions in                     
               furtherance of the purposes set forth in Article THIRD                 
               hereof.                                                                

               Petitioner’s articles of incorporation also provide as                 
          follows with regard to petitioner’s indemnifying its officials              
          for legal expenses:                                                         





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