Articles of Incorporation

ARIZONA
OF
STATN
f\ECEIVED
ut0
r
? t0ll
HOA!,rlCO
Office of the
CORPORATION COMMISSION
The Executive Director of the Arizona Corporation Commission does hereby ceftiry that
the attached copv of the followine document:
ARTICLES OF INCORPORATION, OI/I51I997
consisting of t0 pages, is a true and complete copy of the original of said document on file with
this office for:
KINGSWOOD ESTATES UNIT III OWNERS ASSOCIATION, INC.
ACC file number: -0797223-7
IN WITNESS WHEREOF, I have hereunto s€t my hand and affixed
the official seal ofthe Arizona Corporation Commission on this date:
December 15,2014.
A
. ,Jerich )
AtlTtrNA c{)Rl{}taTll)N 0(rilMllisl(lN
coRt{)ltATloNs Dlvlsl()N
Ptc{oit Adltart: l3m
T\&son
Wc.rt WJshngll)n
Atit or ESm?-2929
A&hcts: au) W{tt ConSilll
Tuc*tn, Arironr E5?(ll'l3a?
Phoroir.
cFRTIFtCATE Ot: tuscL()sul{t
A.R.S. $10.202.1)
ki,,,,,-rol
!:t(, i'' t /,, t iIt' i)u,.,., s
J- ---------'-.--- '::-:
clt[strlEl,:89P8l41!-!9lilAllll-lu
llxA("r c(,lll{JRA
ANSWER'(''
rf 'lAI\lli
'1, r"'
,
' l' '^,
TIIE UNDERSIGNED CERTIFY THAT:
ot hoLlitS ovct l0t' of
A. No !.li{rlB lewin8 cirhet hy clc4uotu ot tlltolnuDcol ls om'4n' ditt{rl3' utL{s' inc'rFrrrldtt rnd tEBo0! incr)nuolti'8
.,'urrngln:
lhc
inarq't
prictrry,
or
n,.obc'hil
pn
bcncficirl
Uc ilsu.d u ouuno,liog c.uroron rharcior t0* of any o0rcr
F1.
l-J
wilhit lhc t'vdt'
l. Hlvc bccn coovicanl ofi frkrny iovolvilg 0 trallrcdon itr sc*uritia3. aolJutDcr fnut or |nrill|tlrt in |Dy rul,c or feh nljuridi'thtr
y.rr li€riod imD.di.tcly ptcc.rli!8 oc crc.utiod of |bi! ccttif'oE'
tlEfl by frkc p'gluEr' ol du'ill of r|&
2. Hrvc bcc! @nvict d or r rcr,,ny, urc csscnrirl ckltcolt o( tict ooorilbd of lirut, mitrep.r'rcnbtion.
prcccdog
0|c crcrution of llir c.nilsc
lavcr-ycrr
nilbin
u.
Fiiod.inrnqlirbly
o, Eooopoly io uy 3t2r" o, rot"or SoriJ-rion
icY'lt'tqr Ftlrl
d.crcc or F,o:r;r ordcr of my tuto or fcd.,.l coun c'l.Ed.rNithi! .1,c
3.
- Hrvc boco or.rc lubj*t !o u ioj;dotr, julS'Fnt,
onllri
judlllcot'
or
tLcrr
itljuD'0on'
!'nrtercul
rrhttio
rucb
irt ai.r"ry pt*"atti rirc crccution of rlris Ccnitrcrrc
(r) tovotvJ uc viotiri'n of frrud or rcSirrntio! Fevirb!' ol tbo-tcturilic! Ls! of thf t jutitdi'totr: or
(bi lnvolt.d ibc violtlioo of lhc cotlsttdler tnrtd lr't of tltt jutidiclioo: ot
(c) lnvotval rlc violatioD of Uc Mtittust or rulminl of ttrdc hvs of out juritdi'tion'
3 rtx'vc, uEJro!h!i!8
in lrcru A.l throuh
B. For .!y Frloo o{t-rsotrs u/ho uvc L;oi.* iut1", o or. or rorc of rlp rrrcmcou
n isfqr.&!-ldlfl-!illrf,Isl:
t,
ruoc, prfur oroc(t) lod !lir5c!' if ut
Fuu
d
D C'
2. Fult bitlh otd
- t R 1qq?
3. hr.crl! booc .{tdrcar.
" t"''
4. Ptrot d.kca*s (!or lD.srcdut Prca'dirrg 7 v*lillll
5. D.lc .Id locrlioo of bid.
6 g'id S'dtrity ounb"'
? Tl|c latur uxl &scripdon of clcb conviction or judi'Ll
!'U{'n'
d.b.Dd loc|don, $c coun rnd tt{blic t8cncy involv'd rtd fik ot
Gtttsc [u$bcr of c'tr'
ot conuulhl otcr l0 |.
or inc{tarnn@r of 0& cltl;nlrtioD ictac{t in any slth cirJscily or h'Ll
[rifsoo scwing es Eo ofliccr. diroc&ra. uurrcc
*hi'h hrt tE.o
c'tJnrltioo
in
a'y
int'rcst
n|cmhcnbip
(;dtr pmpttlrty' bclctKirl ot
of lbc btusl .rl(t ouuLlld|lg co,omon slrcs' or 20'16 ot '!y
rtttc
ot jufi"t
judicirly
by
roy
dilrolvcd
or
:drnitrislntivcty
or
oirl ,Jrur""r, ,"".ii"ot ip t oJ is cbancr rcvolci.
c. H$ &y
*-
",
"
"-_
tFYoURANswERToTHEAsovEQUEsnoNls"YEs".YoUMUSTATr^cHTHeFoLLow|NGlNFoRMATloNroRFAcl|
CORPORATION
--f.
3 s|eE(t' i! whtb &P coltorrtiooi
- i
lf.-. -,f .Ot*s of thc corPontio!.
(l) w'! bcotlEnt'd (l') Hri g-rl|ticLd ltlriDclr'
pcrson
of
ci@h
lnd
addNli
rlialcs)
2. FuU !:rDc (i!ct ci!8
4 D'tar of @rJDrrlr opcnlion
:
invdlvcd-
D- Th.
fi$:l
5
ye.u cDd &lop{cd by
oc co{rondon
Dele tod c$r nu'Dtrr of B"ttnrplcy or
yocation/adtoinialrativc dilsolutioo.
t,l|c ot
o.Ll.-_!--j]:]3j_'
uodcrF!'tti.tofbw.thcuDdcrripcrlncorpora',od3yofrlc.(s).1..|'"qyll|:9lP"cct.min.'lthi.rccnir|c.tc.inc|udinsrnyrtlrch'nco|.r.rtd!o
StCtiA I',(iRtts) MuSTBE I)ATF.D WtrltlN TIllRrY(1t}' DAYSOF
u. b.$ orrly(olll)
rHE l)t:Ltv9R?
lrrow,:dgc aort uclicr rt rs'uuc. c<,rrccr rrxt
./
n{u:
cooptc. Tl{L
/
* .'1/r,,6",- ,//t*.i
n*rn^u, 4r,'ri'.', I'i' '/i)'r/
TIILE
2.rrr. r/oo
t-
D^re
j2!fl-nrLE
onz I
l'.'i'l
goMEsT|ccoRI'RATIoNsALLtN(:oRPoR{foRsMUSTslcNTttElN|nALcER'llF.IcATEoFl)|sc|ostjR'j|f'rd)instrlyda!s.any
F:'glnh:c.tn|c\r'ld|||c!,.nu.o,,,..,.,o..."i|rrilnu'otrr,|lln!.'rhll.tin|'!lw(Ilo(()'o|cs
ltcocf|c[l.or|ncnlhchh:PlIt1.n.srIfulc.{'rFr;rLionan.lthcr.cRlo\Aas|l;t|ocludcili,luli'd!sc|osuI9.lhcc{'4tlrJtlomu
rrgEa.l bJ rt lcar! ('nc dul)_ itrCl"n,rcd 'rfticcr of drc c{trFx}rrlt'n
ron'E|c|jc.oRPoRAT|oNs-MUSTBtjst6NEDEYATLtilsToNEDULYAttl-}toRlzE't)oFnceRoFTHEcoRruRATloN
CFr
(tr4: - BuriDerr C\,rF'ritiorlr
R!v: :196
ARTICLES OF INCORPOSATTON
.ir:r
l"
| 2.,,, ,,
/n--'/*c''
tu t2
OF
,.
KII-GSWOOD ESTATES IJNIT III OWNERS ASS(rclATlON'
INC'
(),tr.t z L 3 z
$
seq". Arizona
compliance wirh rhe requircments of $ -10'.1001'
.RevisqJ
have this dalc volunulrlly
Sla$tes, as amen<led, the undersigned, all of whom arc of full age'
snd do hercby certify:
ario"iateo th.msetves for the pur$se of forming a non-proftt corporation'
In
ARTICLE I
NAME
Unit
The name of the corporation is Kingswood EsHes
lll
Owners As$osialion'
Inc. oaff
ARTICLE II
DETINE!-IEBUI
Capitalizedlermsuse<]intheseArticleswi0routdefrnirionshallhavethemea|ngs for
and Rcstrictions
tbrcu.t ,arms in rtre-- oJaration of covenants, corditions of Yavapai County,
wirh rhe Crunty Recorder
flf recorOed,,Declararion")
;I#SWOOI' ESTATES UNITjzi.rjr
which, by this teference, is madc a
specifiexl
p"g.
(rhe
Arizona, ar Docker 3329,
pJof rtrese Anicles as though tully set fonh herein'
ARTICLE
III
PRINCIPALOFFICE
be..locatert at 5070 N' il&h Street'
The principal office of tle Association shall
otnttt may bc established at such nlaces as the Board
,f250, Phoenix, Arizona. SyllS, l-uiort'"t
of Directors suy determioe ftom time to dme'
ARTICLE IV
s!A&198r^aEN:I
Amhon'/ M. Burd
nrizona
whosc slreet addlcss is
jlal-
E,
!,etvl lrltltr,-Urtctux'
nas treen a krna lirtc resident of th{, Statc of AriT.ona ibr ntttrc llnn
pasr, is hereby appointed and desigtnted the initiill statutory agent for the
850281ilTfr0
rtrfliSllfii-f151
co
,
rporalion.
ARTICLE V
PURPOSE OF THE ASSOCIATION
The object and purpose for which this Association is organizcd' consislcot.wilh
s€cdon 501(c) (4) of the
the requirencns oi $.mn sis or, ir rhe Associadon so €lecrs.
tni.r*i i.u.nu.
Code
of 1986,
providc
as amended, and thc regulations p€rtaining thereto. is to
propcfly olned by
maidenance. and care of the Common Area and other
and in order lo
of'
jutisdiction'
funherarrce
In
itr. nrro.i.rion or propeny placed urder its
urxler thc laws
incorPorate{
b€
Association
objecr and purPose, rlic
T,l1l
'Sutc U. foteioing
to
tlme'
linle
"."ornpfirn
of Arizona' as lhey may bc amcrded f(om
of tre
ioi,i. n*g".tnr.
ARTICLE VI
'fhe Eeneral nalure and
character
of
r.he business
ro be ttalNacted by
lhe
Association shall hc as follows:
al
and mainiain thc Common Atea and all other Propcrly
benefit of the Owncrs of l'tlls within the rcal
improvemenr ro be used in common by anrl for tlrc
additions
l,',i,*.r" a"."ri6f in the Declaration ant known as Kingswood Btates Unit lll and any
of rhc
acr
by
Associarion
wi&in rhe juridicdon
(a) To own' repair
iljilr#;ft;;;;;;;;shr
of
Associiltioni
'"
prop€rty anl improvemen6 as
mainrain' rcpair and rcPlacc all larxlscaping upon
may bc conveyi to dre Corporation and 10
.,,.h nf^nFftv: to Dav all @res and assessments, if any, which may proprly bc lcvicrj aS,ainsl
payrnent of assessn:cns and
Lhe individuat l.orsio secure
're and to collect' foreclose or
due from ,i'. O*n"rr rhereof ro rhe Association
".J"t t' conrpromise, release' sarisry and discharge
dcmarxls' and lo do all ofter
"U,"iiiig.ii"*
(b) To accepr the Common Area and such other
ffi fift;;;"il;;;", iilt
i,ft.*ii.
.said
of said licnsi lo tate any adion neccssrry
discharge
and
nraintenance
filing,
;;;;*y
toenforcetheProjectDocuments:todoalryandalllawfulthingsarrdacrswhichtheAssociarkn!,
,i'o" to rim"' shall i ir-s discretion' d9"t t9 F in lhe bcst inieresLs of $e
;;;;;;;;;;o
in connection therewith anl in connection with any
Menrbers, and ro pay all cos$ and expcnses
;;e
hc 1dtislhlc'
and all thc purpu.ses of the Associationi to do any arxl all lawful things rvhich lllity
proper, aurhorized or permi(trd t0 he douc by the Associillion urxlor and by virtuc of un1
proF:rly' thc
conditi6u, covontut, rclfricfitrn. &'s0tvll(iotl. chargc or &\Scssmcnl aftccting Ulc
bc cithcr
which
nlly
[r,r. u, uu1' portion titcrcof' and to do and pcrfoml 'tny and all acts
pcitcc,
or
lhe.
n...io.y for or incidental to the excrcisc of any thr: foregoing powets. lilr
lo do:!ny und :lll things
irealth. comfort, safcty or general rxclfare of thc Mcnrhcts: ord funher.
lh"' laws of thc Stalr
urxlcr
corlnrations
nonprofit
pcrmirtr.r!
[.
ynrvers
and
and exercise all righri
by it and lo tlkc
of Arizona, includirrg thc lx)wer to motrgoSe or encumhcr any propcny owncrl
D$ulnenls:
Nny action necessary lo enforcc the Projcct
.l
carry out contracts of any kind ncccs-\at) to' or in
pttrposc ofthe corporatton:
connecliott rvith, or incidenral lo, the accomplishment oflhe
(c) 'fo enter into, pcrform
an<l
k}
and loan money. and givu' Ete and hold sccufity and collalcral.
pledgcs
antl
mortgaSss'
debcnNres'
executc, make and issue and latie and retcilc honrts-' noles'
(d) To borro\
othcfcvidcncgsol.indcbtqlncssitfiJsccurit).()t.anyxtlJir||kinds.wllJ|sftver.ittlurthcrulrccrr|
(2i 3) of each slass
of irs business. but only u irh the consenr of two-lhirds
,r,.
*v
"i"iiiri "uiecrs
of membershiP;
(e) To nlaxc
and
contr:rcts of all kinds anrl descriptions with lhird prrlic$' lirnls
(:orporation;
husillesr'
lo transac! ;rny
To do anrt perform any and all acts ard lhings arxl
in lhc carrying oul
convenicllt
incid€ntallo.or
not inconsisten; \xirh law. which may be neccssary'
all acls
limitation'
withou-i
of anv of lhc husrncss o, pu,pn,tt of the Associrtion' includillg'
Documents:
Projecr
rhe
uftter
out,grtion, un,i dulies of thc Associarion
(0
;#il
;;;;,rir
(g) To
(h)
sue and be sued: and
To do such other things as arc irutholized in the
Declaratitrn
ftrr
the
such things as ure reasonably ncccssary or Prop€r
Association or ihe Board to perform. as rvcll as
lo levy, collect and t'nforce
ioi, o. in.lo.n."f to, rhe exeicisc rhereof. including without limitarion
a.ioir*"no, Assessment Liens and to exP€rd funrJs as providc<t in the Declatalion'
ARTICLE VII
MEIilBERSHIP
corfrration and no
Itlentitv of Members' The Association shall b€ a nonprofil
be paid to ils mcnrb€rs'..
pecuniary Prorlts
stock sh:rll be issued and no ?-Mdends or
-shall An owner of a Lot shall
of Lots
i;;;ilttlttp in the Associatioo st'att uc timiieo ro owners
of the Associalion and shall
Memhr
a
be
rhereof'
;;..;ti."liy, upon becoming lhe Owner
as his ownership ceases for any rclson' at
ienuin a lr{ember of the Association until such time
*iii.t'
time t is
^..bership
in the Association shall automatically cease'
Transfcr of Membership. Membership in the Associaliol shirll ltc appurtcnunt ttt
each Lor and a-mfr6ilfriF-ii rtrE nGociarion shall not bc transfcrrLd, plcdged or alicnutttl in
any way, excep! upon tlre salc of a Lot and tlrcn only lo such lbrchuscr. or by itltcslatc
ru..rrti*, fesUrnentary dispOsition, forcclosurc of rnortgage or detd of ttust of rctord,
foreclosure of an Assesimeni Lien, or othcr lcgal process, Any attcmpt to makc il prtthibitcd
ransfer shall be void snd shall not be reflectcd upon the books and rccords of thc Assrrciution.
ARTICLE VIII
VOTING zuCII'TS
ClassesofMembers.TheAssociationshallluvetwoclas$csofvoting
rnembership:
as the
ClassA.ClassAMcntbersshallbeallOwners'exceptforthef)cclarantsoktng
to one
Declaran]E-aClass B Member, of Lots Each Class A Membcr shall be enlitlrtd
vote for each Lol orvned.
enrirled ro tt
ClassB.TheclassBMembclshallbetheDec|arant.TheDeclaranlshal|hc
if thc
each *ote which rhe Declarant woulrl br entitled ro ruceivc
r.ffiio,..-io,
lo pursue
a'ilass A Member. For lhe purposes of rhis AniCle only and in order
owncr
lhe
to
be
be
deemcd
Pro.j.",. the class B Member stralt at rfly time
[. crr.i"p*l",
Mertrbctship
B
the numLer of Lors owned by Class A Members. The Class
;i. ,00 1,'1,. less"i,h.
when the total.votes outstarxling in thc Class
;;";i;;;;rt; .onvend to Class A Membciship
e Memtxrstrip equal the votes outstanding in the Class B Membership'
iji,fdru"i
*.r.
Vote' No chauge in the ownership of.a l'or shall li: effective for voling
and is provitluj
rhe Boartl is glven acrual wrincn notice of such change
ouroores
y,,-.i;*-.i;unless-iid-until
vores
;,|-|*.i*f. n. vote foi each such lor mus! be cast as a unit. ud fractional
Right to
shallnotbeallowed.Iltheevent|hataLotisownedbymorethanonepersonorenliryardsuch
vote or voies shall be cast' lhcy
are uMble to agree among tlemselves as to how their
Ovners
,n"ff f"r"
casB a vole rcpriscntiog it
aight to u-ot" on theinattcr in queslion. lf-any Menrbcr
lhar he. was aclinS wirh
purposcs
all
for
it wiil rhereafrer bc conclusively presumett
ther€to is madc at
objeclion
and consenl of all orher Owneri of rlrc same L,ot unless
A Member for a
Class
by
a
vore is casr. In thc event more lhan one vote is cast
yotes
void.
be
deemcd
shall
none of dre saitl votts shall be countcd and all said
ti.ir
i.*i" ti,
;;l|i5;;,,y
;;;t,* ;;
il;i;;,,
ln &e evcnt any Lot is owned by a corporarion'
:o'po':tion:,!::'l'lil"J :::li:::d::1'1"*,
the ti.i of auluiiiti'n d h'. h!31,'-fi:Id.,'l
CorDorate Ownelship.
partnership o,
ffi;Ti
i" *ii,i"g at
L"il;l ;;;ff
:*
i*inf:
:,1* Y::
mdruerstrip. and in tir ab:effi :f :::h-1:ic:1i'
L" ptoia*i or. genr:ral Parmcr of such corporation' pannership or
ass&iation shall have lhe power to vote fte mcmbership'
;;;;iffi;;
vio
i*rii"r*'i--"0.'
*13jll':::
prvmem of
Suspension of Voting Riahts. In thc cvcnt any Owncr shall trc in uncat: itt tltt:
any ,f.scs.sntents or othcr tnl0unts iluc under ir0y of thc provisions ol tltc lt,riutt
bocum.nrs
foi a pcrirxl of fiftcen (15) d0ys,
suid Orvncr's ri8ht to vole rs u Nlctnhcr ol tltc
Association shall bc suspcnded and shall rctnnin suspcndtd until 0ll paymc[ls, includhtg atcrunl
itlterest and attornsys' fces, arc brought cutrent. and tor a pctiod nol t0 cxcecd 60 days lirr uny
cr infractions of tltc Project Docuntcnts'
o
ARTICLE IX
BOARp OF DIRECTOR!
'l'he affairs of the Associatio[ shall be conducted by a board of dircctors (the
,'Board") and such officers and commit(ces as thc directols rnay elect and appoint So l(!ng as
,ir.i. it o Class B nrernbcrship in thc Associal.ion, the directors shall appointtd b.v the.
Afier thc tcrninalion ot'
Architccrural Comnritrce and neeil not be Members of lhe Associlition.
6i;.. B mcmbcrship, all directors must be Mcmbcrs of lhe Association. Thc Board nray
of director must atways bc an odd.
iocrease the nunrbcr of dirscrors on the Board but the number
(9) directors' The numbcr of
numt.r ana shall nor b€ less th3n three (3) nor exceed nine
(3). The names and addrcsses of rhe inirial
Jir,rcrors lonstituring dre inirial Board shall be three
directors of the Associalion arc as follows:
lr
;.
Nalne
Mailine Address
Antrony Ir{. Burd
5070 N. 40tlt Slret:l, Suite 250
Phoenix, Arizona 85018
Karen C. Burd
50?0 N. 4Oh Street. Suitc 250
Plroenix, Arizolu 85018
Dclben
H.
I
anoer
75 W. Birseline Rd.
Oilbert. Arizona 85233
of the Members and until $eir
The initial difectors shall serve until the ltrst annual meeting
rhe rrrst annual mcetiog of the
wirh
hive bcen el:cre<t an<l qualihed. commencing
(l)
year'
ofone
t,f.InU"tr, :rll directors shall bc elected for a term
;;;;;
or
Any vacincy occurring on the Board by reason of death' resigna(ion'
replacernenl
such
directors'
rhe remairring
disuualification of any direcror shall t fillcd by
prior dLectors tetm'
,.lirecror ro scrve thc tlncxPirld portion of the
vote of thc
The Board shall adopt Bylaws for he Association' by a rnajority
called- therefor' The Jnwer to alter'
mcmbers of the Board. at a regular oi spccial rneeting
^mend
that the Board ' witiout a votc of thc
except
Members
to
thl
;;;.F"i ;" Bylarvs is re.c-.,I
Nlembers. may aDlc.rid the Bylarvs in order to conforttr the Bylaws to thc rcquirelncnts or
guidelines of ihc l--edertl Narional Mongagc Association. thc FL'dBral llotnc kran Mrrrtgagc
torporation, or any fcrlcral, state or locai govcrnmentll sgclcy wftosc approval of the ltojcct.
loltg, a:
ore itat or the projcct Documents is requircd by law or requestcd by tlrc Dctlarant. So
the
&,ord
llylaws
by
ot
the
$ere is a Class d membership iu thc Association, uny unlendncnt
must be approved by tto Vetcrans Administration.
ARTICLE X
AEryE8I
The following prsons shall be lhe initial ofricers of the Associalion and shall hold
the Associalion atl(l until their
tlte positions opposite rheir names unril the firsl annual mecting of
successors have been elected and qttalified:
hcsidcnt
Vice President
Anthony M. Burd
Deltren H. TaffEr
IGren Burd
Secreary/Treasurcr
ARTICLE XI
DISSOLUTION
given in wrilinS ard sigttcd by
Thc Association m3y be dissolved with the asscn!
votes of each class of MembershiP' ut'on
nor iess rhan nvo-thirds (z/3) of rhe authorizcd
or consolidation' any excess
Jir.otution of rhe Association. olher $an incid€nt to a merg€r
by rhe Associ;ition shall bc retundcd to &e M€mbcrs bascxt on eash rnembcrs'
;;;;;,,;;
held
pro-rata ihare of paid assesrnents.
ARTICLE XII
AMENDMENTS
at lersl seYenty-lire
These Anicles may be amended by Members reprcsenting
oi'thc Assrriationl
MBmbers
casl
by
cntitled lo be
oalscDr (?5%) of Ue total auoorized voles
rhesc Aniclcs in
amend
rnay
Mcmbers,
ffi;;;-rr,u,,r,.s"-0, ,"ithour a vore of rhe
ilfij,
or guidclines ol rhc Fcdcral
iri., i"'._,r"* drese Articles ro rhc fequirerncnrs
tlre Fcxlerel l{omc lrlan Mongage
M;;g;;;;i.tion, the Fcdcrrl Housinglridminisrfdgo'
any fcdoat' sBle or ltral governmentrl agency
Nuional
.^tu'ari^n rhe Vclerans aomrnistration
,r,. irar or lhe hoja:r Documers.is ra;uired by ta* or rcqcstcd
ivilii"'iiprl;""i
Associarion' ut) atrErdnrni
So lung as there is a Class B mernbcrship in $e
ti ii* fii.rar"n,."r,i,"'pi"i..i.
of the Bylaws by the Boatd must
Housing Admirisration.
bB approved
by the Vetcrans Admiristralion or thc Fcdcral
..lRTICLE
Xlll
DgB,\rlglN
TIle corporation shrll exisr pe4teuitlly.
ARTICLE XIV
RESTRICTIONS
Noa withshnding anylhing h€rcin contained to dle contrary, no pan of thc
acririties of the Association shall be devolcd to carrying on propaganda or otherwise alEmFing
ro influence tegislation ard thc Associatioo shall mate no gift, donation or contrib{rtion to any
insrirution or organiz:tion engaged ht such activities' No pan of lhe net edniDg of thc
A\sociarion shall inure to rhe b€nefit of any Memhcr or irxlividual (olher than hy ac4uiring,
coostructing, or providing management, maintenance, and care of the Association's pruperty anl
other than be a rebate of exc€ss Assess erl$).
ARTICLE XV
NONPROFIT
This Associadon shall be a nonprofit cotporation. No stock shall be issued by ihis
Association and no dividends or pecuniary profits shall be paid to its Members or direclors or to
any privare individuals. All of the eamings of this Association shall be used to funher the
purpose of this Associatiolt as hereinabove set fonh.
ARTICLE XVI
PRIVATE PROPERTY
The i.ncorporators, mentbers, directors, and offrc€rs of this Association shall not
bc irdividualty liable for the Associaion's debts or olhel liabilities and the privatc property of
such inclrporators, members, directors ud officers shall bc exempl from all corporarc debts and
obligarions. However, norhing herein contained shall limit or restrict any liability, obligadon or
responsibility of the memb€rs hereof to cach other or to this Associalion as sct forth in thc
Dcclaration, as amerded or supplemented &om lime to titnc. Similarly' nuhing in thcse Aniclcs
shall limit or reslrict any liability, obligation or responsibility of directors and officcrs lo lhis
Association.
ARTICLE XVII
INDEMNIFICATION
This Association shall indemniry any and all of its present or former direct()rs,
judEnlents
officers or employees againsr any expenses incurrcd by thcm, including legal fccs, or
ol his
within
the.
while.acting
person
-scoPc
such
or penalties ,inder"d or levied against any
person
act.
lbil
did
nol
gocrl
such
fai0r
ftat
aulhority. proviile<t that the Board shall detelnline in
ill
intellt
or
cr,nrinal
with
fraudulcnt
ro act. ;r iefuse ro act willfully or with gross ncgligence or
regard to tle maners involvcd in the action or onlission.
ARTICLE XVIII
EI!94!-YE48
The fiscal year of the Association shall bc the calendar year and shall bcgin on the
fusrdayofJanuaryofeveryycar'ercePtthatthefirsttisca|1'earoftheAssociationsha||trgin
'The
commencenrnt date of thc lisdl year hercin established shall
of incorporation.
dic:tatc.
be strurject to change by the Board should corFrrate prrticc subsequortly
;tl;1.4"
ARTICLE XIX
coNEIISI
TheseArticlesshallnotbeamcrxtedorotherwisechangedorinterpreted.forany
lb the extent that thesc Articles shall be
rhcse A icles shall be considered
Dcclararion.
;;;;.r1 ;;' in"on.irr"nt with provisions or'rhe
superseded by the DeclaFlionreason, so as ro be inconsistent rvith the Declaration.
ARTICLE XX
INCORPORA'TORS
The narnes and acldresses of thc incorporators of the Association are:
Narne
Address
Anthony M. Burd
5070 N. 40th Sreet. Suite 250
Kuen C- Burd
50?0 N. 40th Sueet, Suite L50
Phcnix, Arizona 85018
Phocnix. Arizona E5018
ARNCLEXXI
FHA/vAnPPROVAL
As tong os there is a Class B ntmbersltip. thc folhlwing 4lion$ $ill lrtluirc lhe
prior approval of the Ferleral Housing Administrrtion or thc Vaeros Administrali(,n: Nnncxing
of additional propenies, mcrgers Nrd consollfutions. rmngrgiog of Comnnn Arca. &{ketion of
Common Area. urdenaking self-manrgement of the kojcct or thc Asscielion and dissolution
and amendment of these Anicles of lncotPor:nion'
uatcarrris.
f4L.uuor
.:VdnY
/
.reer.
-zt6^/
Amhony M. Bdrd