ARTICLE XI. DISSOLUTION

The Club may elect to dissolve at any time, pursuant to the terms of theTexas Non-Profit Corporation Act, and with the affirmative ye assent of not less than twe-thirds (2/3) of all of the members of the Club, at any annual, regular or special meeting of the members.

Members may cast their vote in person or by proxy or by writte ballor received by the Secretary prior to the tine of such annual, regular or special meeting of the members. In the even: such cissolution as vcted, unless otherwise provided by applicable laws, the President and Directors of the Corporation at the time of dissolution shall become trustees who shall liquidate the Club’s assets and distribute them in acordance with the Articles of Incorporation, provided that in no event shall any of said assets go or be distributed to members of the Club, of whatsoever kind or class, either for the reinbursement of any sum subscribed, donated or contributed by such members, or for any other such purpose, save and except necessary expenses of dissolution,is being the intent that in the event of the dissolution of the Club, the property and assets then owned by the Club shall, after payment of its debts, obligations and necessary expenses of dissolution, be donated to one or more charitable and/or educational institutions domiciled within the United States of America, as may be exclusively selected and designated by the Board of Directors of the Club.