Recognizing that professional boxing has an international character and provides enjoyment for millions throughout the world; and
Considering that its international character requires that standards of integrity and fair competition be adopted and adhered to in all countries concerned;
There is hereby established a world professional boxing association (hereinafter referred to as the Association), to achieve the purposes and carry out the functions set forth below.
The Association shall have the following purposes:
1) to foster and assist professional boxing as an international sport through mutual collaboration and maintenance of standards of integrity and fair competition;
2) to assure the selection of world champions in accordance with such standards and to seek to solve controversies and differences that may arise in this respect;
3) to assist in the elimination of restrictive practices and discriminatory treatment in professional boxing and to promote fair and open competition.
III. THE COUNCIL OF THE ASSOCIATION