| KNOW
ALL MEN BY THESE PRESENTS: |
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| That
we, the undersigned, all of whom are residents of the
State of California, have this day voluntarily associate
ourselves together for the purpose of forming a non-profit
corporation under the California General Nonprofit Corporation
law, and we do hereby certify: |
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ONE: |
That
the name of the corporation is LA VETA MONTEREY CONDOMINIUM
ASSOCIATION, INC. ("Association" herein) |
TWO: |
That
the purposes for which the Association is formed are: |
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(a) |
That
the primary purpose for which the Association is formed
are to form a residential real estate management association
and to provide for the acquisition, construction, management,
maintenance and care of real and personal property held
by the Association, or commonly held by the members of
the Association, or located in the project and owned by
members of the Association, and otherwise to act and by
operated as a "homeowners association" as defined
in Section 528 of the Internal Revenue Code of 1954, as
amended. |
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(b)
|
Subject
to the provisions of the recorded or to-be recorded Declaration
of Covenants, Conditions and Restrictions applicable to
the project ("Declaration"), the general purposes
and powers of the Association are: |
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1. |
To
promote the health, safety and welfare of the residents
within the property; |
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2. |
To
exercise all of the powers and privileges and perform
all of the duties and obligations of the Association arising
from the Declaration; |
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3. |
To
fix, levy, collect and enforce payment, by lawful means,
all charges or assessments under the terms of the Declaration
and to pay all expenses incident to such actions and all
office and other expenses incident to the conduct of the
business of the Association, including all licenses, taxes
and governmental charges levied against the property of
the Association. |
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4. |
To
acquire (by gift, purchase or otherwise), own, hold, improve,
build upon, operate, maintain, convey, sell, lease, transfer,
dedicate for public use or otherwise dispose of real and
personal property in connection with the affairs of the
Association; |
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5. |
To
borrow money, mortgage, pledge, deed in trust or hypothecate
any or all of its real estate or personal property as
security for money borrowed or debts incurred; |
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6. |
To
have and to exercise any and all powers, rights, and privileges
that a corporation organized under the General Nonprofit
Corporation of the State of California is legally entitled
to exercise; and |
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7. |
To
act in the capacity of principal, agent, joint venture,
partner or otherwise. |
| The
Foregoing statement of purposes shall be construed as
a statement both of purposes and of powers, and purposes
and powers of each clause shall in no way be limited or
restricted by the reference to or inference from the terms
or provisions of any other clause, but shall be broadly
construed as independent purposes and powers. However,
the Association shall not, except to a nominal necessary
degree, engage in any activity or to exercise any powers
that are not in furtherance of the primary purposes of
the Association. |
THREE: |
The
Association is organized under the General Nonprofit Corporation
Law of the State of California. |
FOUR: |
The
principal office for the transaction of the business of
the Association is in Orange County. |
FIVE: |
No
part of the net earning of the Association shall inure
to the benefit of any private individual (except through
acquiring, constructing, or providing management, maintenance
and care of property held by the Association, or commonly
held by the members of the Association, or located in
the project and owned by the members of the Association,
or through rebates of excess membership dues, fees or
assessments). |
SIX: |
The
authorized number and qualification of members of the
Association, the different classes of members, if any,
the voting and other rights and privileges of members
and their liability for assessments and method of collecting
them shall be controlled by the By-laws. |
SEVEN: |
The
names and addressed of the persons who are to act in the
capacity of Directors until the selection of their successors
are: |
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Address |
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1. |
400
North Central Avenue, Glendale, California 91209 |
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2. |
400
North Central Avenue, Glendale, California 91209 |
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3.
|
400
North Central Avenue, Glendale, California 91209 |
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4. |
400
North Central Avenue, Glendale, California 91209 |
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5. |
400
North Central Avenue, Glendale, California 91209 |
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EIGHT: |
Amendment
of these Articles of Incorporation requires the vote of
the members representing at least fifty-one (51%) percent
of the each class of members entitled to vote. |
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IN
WITNESS WHEREOF, the undersigned, being the persons named
above as first Directors, have executed these Articles
of Incorporation. |
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|
Warren
Silverberg |
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|
Gary
Langendoen |
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|
Richard
Bates |
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|
Mel
Wynn |
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Bernard
Baker |
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| STATE
OF CALIFORNIA ) |
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SS |
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| COUNTY
OF LOS ANGELES ) |
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|
On
this 24th day or May, 1979, before me, the undersigned,
a Notary Public, in and for the said State, personally
appeared Warren Silverberg, Richard Bates, Mel Wynn and
Bernard Baker, Gary Langendoen, known to me to be the
persons whose names are subscribed to the within instrument
and acknowledged to me that they executed the same. |
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|
WITNESS
my hand and official seal. |
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|
On
record Eleanor M. O'Brien |
