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General Provisions

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Article 3.-

The Foundation shall be ruled by the present Statutes, as long as they are not opposed to compulsory legal norms, and by the conditions established by the Foundation’s organs for their interpretation, observance and application.

The rest of legal provisions shall be applied as established and ruled by the above-mentioned norms.

Article 4.-

The interpretation of these Statutes and other norms that will internally rule the Foundation’s activities will be carried out by its Board of Patrons in the most beneficial way for the fulfilment of its goals, with the altruistic spirit which must preside all its actions.

Article 5.-

The Foundation, of Spanish nationality, is based in Madrid, in the Zarzuela Palace. The Board of Patrons may freely change its address within the national boundaries and designate the premises of any delegations which may eventually be set up.

Article 5.-

The Foundation has its own legal entity and full legal capacity to act and therefore shall be able to perform the following actions, taken that this list is not restrictive but simply declarative: purchase, keep, own, administer, make use of, transfer, tax or mortgage properties, furniture, fittings or, generally, any type of assets; to hold all types of acts and contracts; to take on obligations, to set up societies, to renounce and settle assets or rights, to propose, oppose, follow and waive any pertinent procedures, to freely exercise any rights, actions, exceptions, before the ordinary and special Courts, Government or State bodies, and every other corporations, public or private entities.

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