Section 4. Basic rules for the application of resources and for the determining of the beneficiaries. |
Article 11º.-Application of resources. The Foundation has the obligation to assign its assets and income to the aims of the Foundation. To this effect it will assign to the achievement of the said aims at least 70% of its net income and other resources obtained through any circumstances, less, where appropriate, the corresponding taxes, within four years of their receipt. |
Article 12º.-Determining of the beneficiaries.
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