The Nebraska Thoroughbred Breeder's Association was founded in 1964 to promote the breeding, marketing and use of thoroughbred horses in the State of Nebraska, and to maintain a registration system for thoroughbred horses in Nebraska for so long as this corporation is designated to maintain such registration system by the State Racing commission of the State of Nebraska. Membership in this organization shall be open to all who wish to promote the breeding, marketing and use of thoroughbred horses in the State of Nebraska.