ARTICLES OF INCORPORATION

Transcription

1 (Non-Profit Domestic corporations) ARTICLES OF INCORPORATION These Articles of Inrorpo.otion ore signed by the incorporotort for the purpose of forming c non-profit corporation pursvont to the provisions of Act 327, Public Acts of as owended, and Act 284, Public Acts sf 1972, ur fdiows: ARTICLE 1. f \ -,. 7, The nome of the corporotlon is - -?SEP~L!%ix-A.ss??i&%!&?~ _ ARTICLE If. The purpose or purp~ser for which the corporation is orgonized are or follows: To manage and administer the affairs of and to maintain Pepper Hill Condominium, a condominium, (hereinafter called the "Condominium*). To levy and collect assessments against and from the memebers of the corporrrtion and to use the proceeds thereof for the purposes of the corporation: To carry insurance and to collect and allocate the proceeds thereof; To rebuild improvements after casualty; To contxact for and employ persons, firms, cr corporations to assist in t he management, operation, maintenance and administration of said Condominium; To make and enforce reasonable regulations concerning the use and enjoyment of said Condominium; To own, maintain and im$ove, and to buy, sell, convey, assign, mortgage, 03 lease (as Landlord to Tenant) any real and personal property, including but not limited to, any apartment in the 'Condominium or any other' real propert1 whether or not contiguous to the Condominium; for the purpose of providing benefit to the members of the corporation and in furtherance of any of the purposes of the corporation; To borrow money and issue evidences of indebtedness in furtherance of any or all of the objects of its business; to secure the same by mortgage, pledge or other lien; To enforce the provisions of the Master Deed and By-Laws oftbe condominium and of these Articles of Incorporation and such By-Laws and Rules and Regulations of this Corporation as may hereafter be adopted; To do anything required of or permitted to it as Administrator of said Condominium by the Condominium Master Deed or By-Laws or by Act No. 229 of Public Acts of 1963, as from time to time amended; In general, to enter into any kind of activiity; to make and perform any contract and to exercise all powers necessary, incidental or convenient to the administration, management, maintenance, repair, replacement and operation of said Condominium and to the accomplishent of any of the purposes thereof. APntlf 111. hid corporation ir orgonized upon o n0n-s t0ck barn. Orork&ur or no*.*fd) I i

2 {bj (Ifupoar o non-stock bos:s ;?rre OU: porogroph :oi above and f;'! in the foilowingi Tho amour? of ossetr which said tor6oro!:on parsesses :I,?v"O?-IE 'Reo! Properly: ~ NOSE +Persirno!?rope _ '(Give descrip$ion ond value li none, ;me. "none': Sa,d corporation ts $5 be financed ~nde- the following genera! rrlon Assessment of members - The address of the initial registered office is ARTICLE IV Weft Ten Mile Road S~uthf idd--, Michigan -4-80fSf%. ed Slc~l! (Tawn or Cirv: (Lia C&) The moifing address of ihe initial registered office is (need not be completard unless dicferent from the above address:: --I --~-.--, Michigan..- (No and S-rmtl :Taw* er CiQ) (Zip Cads) The pame of the initial resident agent at the registered office is Earl Krause ARTICLE V. The names ond eddresses of the incorpora+or$ are as follows: Namra Residence or Business Address Earl Krause Gerald Gordon ' West Ten M ile Road H, Gre_enspan West Ten Mile Road, Southfiela, Michigan 48075

3 I f BRTICFE Vi. Trc wmcs er(d cdd.ctses 04 ine i *s' board of di~ec'or\ tor rs.,-.t-c%) CIC 05 to,'ov.s NAMES RESIDENCE OR BUSINESS ADDRESS Earl Krause west Tea-Mile Road, Southfleld, Blichigan 4807 Gerald Gcrdon West Ten Mile Road, Southfield, Michigan 4807 David H. Greenspan West Ten Mile Road, Sout_fiEield, Michigaq 4807 ARTICLE Vlt. (Here insee any desired odditionat provisions authorized by the Aas) The qualifications of members, the manner of their admission to the corporz tion, the termination of membership, and voting by such members shall be as follows: fa) Each co-owner (including the Developer) of an apartpent in the Condominium shall be a member of the corporation, and no other person or entity shall be entitled to membership; except that the subscribers hereto shall be members of the corporation until such time as their membership shall terminate, as hereinafter provir?ed. (See attached sheet) IN WITNESS WHEREOF, the undersigoed. the incorporarots of the above-named corporation, have hereunto signed these Articles of lncorporotion on this, * day of f? ~ ~

4 1 MICHIGAN DEPARTMEqT OF COMPERCE - CORPORATION AND SECURRIES BUREAU Dare Received i4p? i 5 I973 --x C d INFORfinATlON AND INSTRUCTIONS Atticles of Inuorparation-Non-Profit Corporations (Excluding Eeclesiastkal Corpomtiond 1, Article I1 should state, in generol terms, the specific purpose or ob/ecf for which the corporotion k organized. 2. Article V-A% leost three gnccrpcrotors ore required. Article VI-At least three directors (or trvfieer) are required. The addresses shou!d include o street nvmber and nome (or other designation), in oddition to the nome of the city and stofe. 3. The duration of the corporcrtion ~hould be stated in the Anicles only if the duration is not ptirp&irrl 4. The Articles must be signed in ink by each incorporator. The nomcs 08 the incorporators as sat out in Article V should correspond with tbe signatures. 5. An effective date, net later thon 90 doys subsequent lo the date of filing, may be stated in tho Articles of Inc;z~poraIion, 6. One original copy of the Articles is required. A hue copy wif! be prepared by the forporatr~n and Securifies Bureau and re?urned to the oerson submining *he Anicler for #sting. 7 FEES friing plus $10.QO franchise, total $20 00 Checks OF money orders should be made pyoble to the State of Mteh~garr. 8, Mail Articles a+ incorpraiion and her to. Michigan Department of Commerce Corporation and Sr?ru:icies Bureau Corporarisrn Division P. 0. Drawer C Lansing, Mirhign? 48904

5 ont'd. from ARTICLE VIIk b) Membership in the corporation (except with respect to any nono-owner incorporato~5,who shall cease to be members upon the quaification for membership of any co-owner) shall be established by cquisition cf fee simple title to an apartment in the Condominium nd by recording with tne Register of Deeds in the County where the ondominium is located, a deed or other instrument establishing a hange of record title to such apartment and the furnishing of evience of sane satisfactory to the corporation (except that the eveloper of the Condominium shall become a member immediately upor stablisbent of the Condominium) the cew co-owner thereby becomin~ member of the corporation, and the membership of the prior o-owner thereby being terminated. C) The share of a member in the funds and assets of the corporati annot be assigned, pledged, encumbered or transferred in any anner except as an appurtenance to his apartment in the Condominit: d) Voting 54 members shall be in accordance with the provisions f the By-Laws of this corporation.