RECEIVED

JUL 2001

BUSINESS rrsu 

WON 


STATE OF MISSISSIPPI
OFFICE OF THE SECRETARY OF STATE
BUSINESS REGULATION AND ENFORCEMENT DIVISION

 

 

 

IN THE MATTER OF: 

WILLIAM J. CLINTON 
PRESIDENTIAL FOUNDATION 
ADMINISTRATIVE PROCEEDIN 
303 President Clinton Ave NUMBER: Ot Gaol
Little Rock, Arkansas 72201 

Respondent 
CONSENT AGREEMENT

 

I.

This agreement is hereby entered into between the State of Mississippi, Secretary of
State?s Of?ce, Business Regulation and Enforcement Division (?Division?), by and through
William E. Chapman, Assistant Secretary of State, and the William J. Clinton Presidential
Foundation (?Resmndent?), by and through James L. Rutherford, President.

The Division, having the power to administer and to provide for the enforcement of all
provisions of the Mississippi Charitable Solicitations Act (the and Respondent do hereby
enter into this Consent Agreement in resolution of the foliowing allegations by the Division of

violations of certain provisions of the Act:

1. Respondent is a ?charitable organization? as de?ned in the Act. Miss. Code
Ann. (Supp. 2000)

2. Between September 14, 2000, and March 19, 2001, Respondent solicited
contributions from individuals in Mississippi in the amount of $3000.00.

3. Between September 14, 2000, and March 19, 2001, no effective registration
statement of the Respondent was on file with the Division as required by the
Act.

4.Resp0ndent states that the lack of effective registration
was completely inadvertent and unintentional.

5- Therefore, Respondent solicited contributions from Mississippi residents
during the period in question in violation of the Act.

II.

Respondent, under the terms of this Consent Agreement and solely for the purpose of
resolving the foregoing allegations, stipulates without a hearing to the matters set forth above in
Paragraph I and hereby consents to the issuance of this Consent Agreement and further consents
to and agrees to the undertakings contained herein, with no formal administrative hearing and
determination of wrongdoing. Furthermore, the undersigned agent for the Respondent
acknowledges that he has been lawfully vested with the authority to enter into this Consent
Agreement on behalf of the Respondent.

HL

THEREFORE, in consideration of a ?nal resolution of the matters set forth above in
Paragraph I, the Division and Respondent hereby agree and stipulate as follows:

1. Respondent stipulates to the jurisdiction of the Division as to all matters
contained herein under the authority of the Act and acknowledges that the

issuance of this Consent Agreement is solely for the purpose of resolving the
matters set forth above in Paragraph I.

2. The Division shall impose a penalty upon the Respondent in the amount of
$300.00. Respondent shall remit payment to the Division, payable to the 
?Mississippi Secretary of State? upon execution of this Agreement.

3. This Consent Agreement is in resolution of the matters contained in Paragraph
1. As a result of this Consent Agreement, the matters contained in Paragraph i

cannot be used as a basis for action by the Division except as set forth in
Paragraph IV below.

IV.
In the event Respondent fails or neglects to comply with any of the agreements,

stipulations or undertakings set forth in this Consent Agreement, the Division may, without

notice to the Respondent, unilaterally rescind this Agreement and institute any legal or
administrative proceedings it deems appropriate including, but not limited to, proceedings to

address the matters set forth in Paragraphl above.

ERIC CLARK
Secretary of State

WILLIAM E. CHAPMAN, 
Assistant Secretary of State
Business Regulation and Enforcement Division

Date: 3?4?

WILLIAM J. CLINTON PRESIDENTIAL
FOUNDATION
Respondent



JAMES L. RUTHERFORD
President

Date: 7