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HomeMy WebLinkAbout2008 _ - i. _ _ . ~ •Q ~ ~ -~4 ' r- t'a _ ~n as ARTICLES OF INCORPORATION ~ N~ ~ ,f=-- m~ rn OF ~ ~ o - r to ~ SAND DOLLAR VILLAS CONDOMINIUM ASSOCIATION, INC,: om ac 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. _ - 9 - - - 8324 P,~~i~15~ .