Upon the dissolution of Grace Church, the Elders shall, after paying or making provisions for the payment of all of the liabilities of the Church dispose of all the assets of the Church exclusively for the purposes of the Church in such manner or to such organization or organizations organized and operated exclusively for religious purposes, and which affirm the beliefs mentioned in the Doctrinal Statement, as shall at the time qualify as an exempt organization or organizations under section 501(c)(3) of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Law), as the Elders shall determine. Any such assets not so disposed of shall be disposed of by the Circuit Court of the county in which the principal office of the Church is then located exclusively for such purposes or to such organization or organizations, as said Court shall determine, which are organized and operated exclusively for such purposes.