Congregation Oholei Yom Tov Toronto

TO ESTABLISH MAINTAIN AND SUPPORT A HOUSE OF WORSHIP WITH SERVICES CONDUCTED IN ACCORDANCE WITH THE JEWISH FAITH. TO IMPROVE THE EFFICIENCY OF OTHER REGISTERED CHARITIES BY PROVIDING A FACILITY AT BELOW MARKET RATES TO HOUSE THE OPERATIONS OF OTHER REGISTERED CHARITIES. TO RECEIVE AND MAINTAIN A FUND OR FUNDS AND TO PAY OR APPLY ALL OR PART OF THE PRINCIPAL AND INCOME THEREFROM FROM TIME TO TIME TO QUALIFIED DONEES UNDER THE INCOME TAX ACT TO SOCLICIT RECEIVE HOLD INVEST AND ADMINISTER FUNDS HEREAFTER GIVEN TO IT EXCLUSIVELY FOR SUCH CHARITABLE PURPOSES SET FORTH ABOVE. TO TAKE AND RECEIVE BY BEQUEST DEVISE LEGACY GIFT GRANT DONATION OR BENEFIT OF TRUST AND ENTER INTO AGREEMENTS CONTRACTS AND UNDERTAKING INCIDENTAL THERETO; TO AQUIRE BY PURCHASE LEASE DEVICE GIFT OR OTHERWISE REAL PROPERTY AND TO HOLD SUCH REAL PROPERTY OR ANY INTEREST THEREIN NECESSAERY FOR THE ACTUAL USE AND OCCUPATION OF THE CHARITY OR FOR CARRYING ON ITS CHARITABLE UNDERTAKING AND WHEN NO LONGER NECESSARY TO SELL DISPOSE OF AND CONVEY THE SAME OR ANY PART THEREOF; TO INVEST AND REINVEST THE FUNDS OF THE CORPORATION IN SUCH MANNER AS DETEREMINED BY THE DIRECTORS FROM TIME TO TIME.