Gee.....we keep going round & round the mulberry bush with this........
For those with no knowledge of corporations and their boards of directors - Burke wanted control of the Board; control of appointments. De facto, this means filling the board with puppets and syncophants.
Once that is accomplished, it really does not matter what trust fund has been established, nor how it is managed.
Because if Burke then wishes to suppress the parish, pulling the plug on it, it means a motion & vote to dissove the corporation. When the board of directors of ANY corporation votes to dissovle the corporation, the debts are paid off, and the balance of all funds/assets is then disposed of according to the decision of the board, which may decide to cede the assets to another corporation.........
......right into the hands of the Archdiocese of St. Louis.
Class dismissed!
For further study - an extra credit assignment:
Once a non-profit corporation is moribund, its assets are dispersed. Now what do we do with a donor-restricted gift........or a restricted endowment fund? Depending upon the particulars, the board either passes this asset on to a succesor corporation.........or, were it necessary to keep the church corporation active to retain control of the funds, the parish corporation could be kept active - on paper, and the funds could ultimately & legally be transferred (all at once, or gradually) to the Archdiocese.
Here endeth the lesson.