Fill and Sign the Articles Incorporation Association Form

Articles of Incorporation of Homeowners Association The undersigned, __________________________________________________ ______________________________________________________________________ ______________________________________________________________________(Names and Addresses of Incorporators) for the purpose of forming a nonprofit corporation under the ________________ (name of state) ______________________ _____________________________________ (name of state’s statute) adopt the following Articles of Incorporation: 1. Name The name of the Corporation is: ______________________________ (Name of Homeowners Association) . 2. Not for Profit The Corporation is a not-for-profit Corporation as defined in the ______________ _________________________________________________ (name of state and name of nonprofit corporation statute) . The Corporation is not formed for pecuniary profit. No part of the income or assets of the Corporation is distributable to or for the benefit of its members, directors or officers except to the extent permissible under law. 3. Duration The duration ______________________ (term) of the Corporation is perpetual. 4. Purposes The Corporation is organized and shall be operated exclusively for the following purposes: A. To enforce the Declaration of restrictions, easements and covenants of _________________________________ (Name of Homeowners Association) (the Declaration ), consisting of home sites in _____________________ (Name of County) , __________________ (Name of State); to be the Association referred to in the Declaration; and to assess homeowners in accordance with the Declaration. B. To exercise all rights and powers conferred by the laws of to acquire by bequest, devise, gift, purchase, lease or otherwise any property of any sort or nature without limitation as to its amount or value, and to hold, invest, reinvest, manage, use, apply, employ, sell, expend, disburse, lease, mortgage, convey, option, donate or otherwise dispose of such property and the income, principal and proceeds of such property for any of the purposes set forth in these Articles of Incorporation. C. To do such other things as are incidental to the purposes of the Corporation or necessary or desirable in order to accomplish them. 5. LimitationNo part of the net earnings of the Corporation shall inure to the benefit of or be distributable to its members, directors or officers, but the Corporation shall be authorized to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the purposes set forth in Article 4. 6. Members A. The Corporation shall have voting members who shall be selected as provided in the Bylaws and who shall have all the rights and privileges of members of the Corporation. The Bylaws shall also provide for nonvoting members who shall consist of all of those persons who are the record fee simple title holders of homes in _________________________ (Name of Subdivision), as set forth in the Declaration of restrictions, easements and covenants of____________________________ (Name of Subdivision) recorded in the public records of __________________ (Name of County), ________________ (Name of State) , and which are constructed upon the real property described as follows: (Legal Description) ________________________________________________________________________________________________________________________________________________________________________________________________ B. The nonvoting members shall have such rights and privileges as are set forth in the Bylaws, but shall not have the right to vote. The developer of__________________________ (Name of Subdivision)shall transfer control of the Association to the homeowners not later than: (a) ______ (number) days after the developer has sold the last home site to its final retail purchaser; or (b) _______ (number) years after the date of the Declaration, whichever is later. Each homeowner subsequently shall be a voting member of the Association and his or her voting privileges cannot subsequently be suspended or removed as long as he or she remains a homeowner. The name and address of each initial voting member are as follows: (Names of Members) (Addresses of Members) _____________________ ________________________________ _____________________ ________________________________ _____________________ ________________________________ _____________________ ________________________________ _____________________ ________________________________ 7. Initial Registered Office and Agent The street address of the initial registered office of the Corporation is _________ _________________________________________________________ (street address, city, state, zip code) , and the name of its initial registered agent at that address is: ________________________ (Name of Registered Agent). 8. Initial Board of DirectorsThe management of the Corporation shall be vested in a board of directors. The number of directors constituting the initial board of directors is _____ (number). The number of directors may be increased or decreased in accordance with the Bylaws, but shall never be less than ______ (number). The voting members shall elect the directors at the annual meeting of voting members. The Bylaws may provide for ex officio and honorary directors, and their rights and privileges. The name and address of each initial director of the Corporation are as follows: (Names of Members) (Addresses of Members) _____________________ ________________________________ _____________________ ________________________________ _____________________ ________________________________ _____________________ ________________________________ _____________________ ________________________________ 9. Officers The officers of the Corporation shall consist of a president, vice president, secretary, treasurer and such other officers and assistant officers as may be provided in the Bylaws. Each officer shall be elected by the board of directors (and may be removed by the board of directors) at such time and in such manner as may be prescribed by the Bylaws. The name and address of each initial officer of the Corporation are as follows: Title Name Address President ___________________ ____________________ Vice President ___________________ ____________________ Secretary ___________________ ____________________ Treasurer ___________________ ____________________ 10. Incorporators The name and address of each incorporator are as follows: Name Address ___________________ ____________________ ___________________ ____________________ 11. Bylaws The Bylaws of the Corporation are to be adopted by the board of directors, and may be altered, amended or rescinded by the board of directors 12. AmendmentThe Corporation reserves the right to amend or repeal any provisions contained in these Articles of Incorporation or any amendment to them, and all rights and privileges conferred upon the members, directors and officers are subject to this reservation. 13. Indemnification The Corporation shall indemnify each officer and director, including former officers and directors, to the full extent permitted by the _________________________ ____________________________ (state not-for-profit corporation statute) . Witness our signatures this _________________ (date). _________________________ _______________________ (Printed Name of Incorporator) (Printed Name of Incorporator) _________________________ _______________________ (Signature of Incorporator) (Signature of Incorporator)