HomeMy WebLinkAbout2333ARTICLES OF INCORPORATION
OF
OCEAN TOWERS OF HUTCHINSON ISLAND
CONDOMINIUM ASSOCIATION, INC.
The undersigned by these Articles associate themselves
for the purpose of forming a corporalion not for Frofit, under the
Statutes of the State of Florida and certify as-follows: .
ARTICLE 1
NAME
The name of the corporation shall be OCEAN TOWERS OF
HUTCHINSON ISLAND CONDOMINIUM ASSOCIATION, INC. 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 718, Florida Statutes, 1977, for the operation of OCEAN
TOWERS CONDOMINIUMS A and B located upon lands lying and being on
Hutchinson Island, in St. Lucie County, Florida, and more
particularly described by Section 3 of those certain Declarations
of Condominium for OCEAN TOWERS CONDOMINIUMS A and B.
2.2 The Association will make no distribution of income
to its members, directors or officers.
ARTICLE 3
POWERS
The powers of the Association will include and he
governed by the following provisions.
3.1 The Association will have all of the common law and
statutory powers of a corporation not for profit that are not in
conflict with the terms of 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 powers and
duties reasonably 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 condominium.
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 acquired.
d. To maintain, repair,~replace and operate the
condominium properties.
e. To purchase insurance
perties; and insurance for the protection
members as condominium unit owners.
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