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' AIt1'ICLL'S 01~ 1NCORPOI2A"f~ON _
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SA\ll llOLLAIt VILLAS CUNUOh1INIUhi ASSOCIATION, INC. ~
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The undersigned by these Articles associate themselves for the R
.purpose of Corning a corporation not for profit, under the Statutes
of the State of 131orida and certify as follows:
AR'f I C L C I ~ ~
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The name of the corporation shall be SANU DOLLAR VILLAS CONDO-
h1INIUh1 ASSOCIA'I'It)N, 1NC. I~or convenience, the corporation will be
referred to in this instrument as the Association.
AR"1'ICLL• 2
PURPOSE' i
2.1. The purpose for which the Association is organized is to
provide an entity ij:.rsuant to the Condominium Act, which is Chapter
718, rlorida Statutes 1977, for the operation of SANll UOLLAR•VILLAS
CONDOh11N111~iS l~, C, ll, and 1:, located upon lands lying and being
on IIutC11 1 11 5 0 11 Island, in St. Lucie County, Florida, and more particu-
larly described by Section 3 of ti~ose certain Declarations of Condo-
minium for SANU llULLAR VILLAS COiJU0h1INIUhiS A, li, C, D, and E.
2. 2. 1'he ~\ssociation ill make no distributions of income to
its members, directors or officers.
ARTICLL• 3
PO{~'L•RS
1'he po~;e-rs of the. t\ssociation will include and be governed by
the follo~ring provisions. ~
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3.1. "fhe Association will have all of the commo}i lak and
statutory powers of a corporation not.for profit that are not in
conflict with the terms of these Articles.
3.-2. "1'he t\ssociation ~.~ill have all of the powers and deities set j
~ forth in tl~e Condocnini~im Act, except as limited by these Articles
and the Ueclarations of Condominium for the Condominiums operated by
the Association; and it will have all of the powers and duties red- i
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. 'I'o make and collect assessments against members to
€ defray the costs, expenses and losses of the separate condominiums.
b. '1'o use the proceeds of assessments in the exercise of
its powers and duties.
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E c. 'I'o buy or lease both real and personal property for
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condominium use, and to sell or otherwise dispose of property so
6 ace{ui red.
d. 'IO Inallltalll, repair, replace and operate the condo-
minium properties. i
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BOOK JJ~ PAGE 1487
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