To receive funds and property, to invest and reinvest the same, and to disburse the same, as voluntary, gratuitous and charitable gifts and contributions solely to or for the benefit of:

A. Dependent spouses, surviving children, parents or other dependents of police, firefighters, highway patrol, sheriffs, sheriff's deputies, national guardpersons, or other peace officers who have lost their lives in the line of duty while in the employ of any Federal Agency in the State of Minnesota, the State of Minnesota or any political subdivision thereof.

B. Police, firefighters, highway patrol, sheriffs, sheriff's deputies, national guardpersons, or other peace officers who have become physically disabled in the line of duty while in the employ of any Federal Agency in the State of Minnesota, the State of Minnesota or any political subdivision thereof.

C. A private citizen who has become physically disabled while assisting any person enumerated in either A or B of the above while performing his official duty; the dependent spouses, children, parents or other dependents of such private citizen in the event of loss of life.
All of the above persons will be eligible for a yearly Christmas gift for a period not to exceed two (2) years from the initial benefit. The amount is to be determined by the Board of Directors.

Provided, however, that the selection, from the classes above mentioned, of the recipients of such gifts and contributions, and the determination of the amount thereof, shall rest in the absolute discretion of the Board of Directors of the corporation, and nothing contained herein shall vest any person or persons with a right to benefits without the approval of the Board of Directors.