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COI~DC~+[INIUI~, APARTMTNTS, INC. an apartment project-tv--~e------- ~
established in accordance with the Condominiwn Act of the
State of Florida upon the following described lands in ~
St. Lucie County, Florida:
(See EXHIBIT "A", annexed hereto and made a part hereof) ~
and to undertake the performance of the acts and duties
incident to the administration of the operation and manage-
ment of said INLET HOLTSE CONDOMINIUM e1PARTN,ENTS , INC . in
accordance xith the terms, provisions, conditions and '
authorizations contained in these Articles of Incorporation
and which may be contained in the formal Declaration of
Condomin~.um xhich will be recorded in the Public Records of
St. Lucie County, Florida, at the time said property, and
the improvements now or hereafter situate thereon, are
submitted to a plan of Condominium OMmership; and to own, ~
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operate ,],ease , sell, trade and otherwise deal with such '
propertp, whether-real or personal,-as may be necessary Qr_
convenient in the administration of said INLET HOUSE COND~?iINIiJI~
APABTI~iENTS, INC. The corporation shall be conducted as a non-
profit organization for the benefit of its members. .
• AftTICI,E III
POWERS
The corporation shall have the following powers:
1. The Corporation shall have all of the powers and r
; privileges granted to Corporations Not for Profit under the 1
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2. The Corporation shall have all of the powers
reasonably necessary to implement and effect the purposes of
the Corporation, including but not limited to the follor~ring:
a. To make and establish reasonable rules and
, regulations governing the use of Private Dwellings and
Common Elements in INLET HOUSE CONDCMINIUM APAftTI?iENTS, INC.
as said terms may be defined in said De claration of Condominium ~
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to be recorded.
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