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ARTICLES OF INCORPORATION ~ N~ ~ ,f=--
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SAND DOLLAR VILLAS CONDOMINIUM ASSOCIATION, INC,: om
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The undersigned by these Articles associate themselves for the -
purpose of forming a corporation not for profit, under the Statutes
of the State of Florida and certify as follows:
ARTICLE I
NAME -
The name of the corporation Shall be .SAND, DOLLAR VILLAS CONDO-
MINIUM ASSOCIATION, 1NC. For convenience, the' corporation will be
-referred to in this instrument as the-Association.
ARTICLE 2 -
PURPOSE ~ _
2.1. The purpose for which the Association is organized is to
_ provide an 'entity pursuant to the Condominium-Act, which is Chapter
71 Florida Statutes 1977,-for the operation of SAND DOLLAR VILLAS
CONDOMINTUI?iS A, B, C,.D, and E, located upon lands eying and being- -
on Hutchinson Island, in St.-Lucie County, Florida, and more particu-
larly.describcd by Section 3 of-those certain Declarations of Condo-
minium for SAND DOLLAR VILLAS-CONDOMINIUMS A, B, C, D, and E.
2.2. The Association will make no distributions of income. to
its members, directors or officers.
ARTICLE 3- _
- POWERS -
The powers of tke Association will include and be=governed by
_-the following provisions.
_ _
3.1. The Association will nave all of the common law and
-statutory powers of a corporation not for profit-that are not in
conflict with the terms o£ these .Articles.
3.2. The Association will have all of the powers and duties-set
forth in the Condominium~Act, except as limited by_these Articles
and the Declarations of Condominium for the Condominiums operated-by
the Association; and it will have all of the polders and duties rea-
sonably necessary to operate said condominiums pursuant to their _
separate Declarations of Condominium, as they may be amended from time
to time, including but not limited-to the following:
a. To make and collect assessments against members to
defray the costs, expenses and losses of the separate condomini~as.
b. To use the proceeds~of assessments in the exercise of
~ its powers and duties. .
` c. To buy or lease both real-and personal property for
condominium use, and to sell or otherwise dispose of property so
y acquired. .
d. To maintain, repair, replace and operate the- condo- .
minium properties.
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