HomeMy WebLinkAboutA013 - Articles of Incorporation signed May 29, 1998 c C 1
ARTICLES OF INCORPORATION
OF
AMETHYST PLACE SUBDIVISION ASSOCIATION
The undersigned, acting as an incorporator of a corporation
pursuant to the provisions of the Iowa Nonprofit Corporation Act
under Chapter 504A, Code of Iowa, adopt the following Articles of
Incorporation for such corporation:
ARTICLE I .
NAME AND PRINCIPAL OFFICE
The Corporation shall be known as Amethyst Place Subdivision
Association and its principal offices shall be located in Ames,
Story County, Iowa.
ARTICLEON
CORPORATE -EXISTENCE
The corporate existence of this Corporation shall begin upon
the date these Articles are filed with the Secretary of State and
the period of its duration is perpetual .
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ARTICLE III .
PURPOSES AND POWERS
(A) The purpose and objective of the Corporation is to
provide an entity to conduct the business and affair of, and to
act as or for the owners of property located in -Amethyst Place
Subdivision.
(B) The purposes of the corporation are exclusively not for
private profit or gain and no part of its activities shall
consist of carrying on political propaganda or otherwise
attempting to influence legislation.
ARTICLE IV
REGISTERED OFFICE AND AGENT
The address of the initial registered office of the
corporation is 5020 Ontario, Ames, Iowa, and the name of its
initial registered agent at such address is Larry W. Kerr.
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ARTICLE V
BOARD OF DIRECTORS
The number of directors constituting the initial Board of
Directors of the Corporation is 3 and the names and addresses of
the persons who are to serve as initial directors are:
Name Address
Larry W. Kerr 5020 Ontario, Ames, Iowa
M. Joan McDonald 314 S . Greene, Boone, Iowa
Joyce R. Lang 1 So. Creekside, Ames, Iowa
The -initial Board of Directors. shal.l :be. -.subject. to-. approval
only by Amethyst .Place Subdivision Association-and unti.l ...their
terms expire as provided by the By-Laws, .but thereafter a
director may be removed -.from.-office -at a :special :meeting :of .the
members of the- Corporation in such manner as may be provided by
the By-Laws .
Notwithstanding anything to the contrary in this Article or
elsewhere in these Articles, Joyce Lang as owner of Lot 9 of
Amethyst Place Subdivision, Ames, Iowa, or her successor in
interest shall in all events be a member of the Board of
Directors of the Association until December 31, 2003, unless she
(or her successor in interest) earlier resigns as a Director of
the Association or at such time that four residences on Lots 1,
2, 3, 4, 5, or 6 of Amethyst Place Subdivision are constructed
and occupied.
. ARTICLE VI
BY-LAWS
The initial By-Laws of the °Corporation shall be .-adopted by
its initial Board of Directors, but the power to thereafter .
alter, amend or Irepeal the same or adopt new By-Laws is reserved
to the members of the Corporation.
ARTICLE VII
MEMBERS AND VOTING
Persons or entities owning lots shall be the Members of the
Corporation all of which and the rights and obligations thereof
shall be governed by the provisions of the By-Laws . The voting
rights of the Members shall be fixed, limited, enlarged, or
denied to the extent specified by the By-Laws, provided there
9 - 06103 (41)
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shall be as many votes entitled to be cast with respect to the
affairs of the Corporation, including Amendments, dissolution and
other determinations authorized by statute as there are lots
owned by such member. Each lot in Amethyst Place Subdivision
shall be entitled to one vote in the affairs of the Association.
ARTICLE VIII
DISTRIBUTION OF ASSETS UPON LIQUIDATION
In the event_ of liquidation, assets, if .any remain, shall be
distributed to the -members in -accordance with .-their-proportionate
share of ownership.
ARTICLE IX
TRANSFER OF PROPERTY
All .transfers, . conveyances,, leases, mortgages, or
assignments of real estate or of any interest therein shall be
executed by any two of the following officers : President, Vice
President, Secretary or Treasurer. All transfers, conveyances,
leases or encumbrances of personal property or any interest
therein shall be executed by any officer of the Corporation or
any agent authorized by the Board of Directors. All judgments or
other liens shall be satisfied, discharged, released or assigned
by any officer of the Corporation.
ARTICLE X
INCORPORATOR
Name Address .
Larry W. Kerr .502r0 Ontario, Ames, IA 6.014
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Larry W. Kerr, Incorporator
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STATE OF IOWA )
)SS:
COUNTY OF STORY)
On this 4:1 day of 1998, .before me, the
undersigned, a Notary Public, in and for the State of Iowa,
personally appeared Larry W. Kerr, to me known to be the
identical person named in and who executed the foregoing
instrument and acknowledged that she executed the same as her
voluntary act and deed.
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a Public -- State- of Iowa
Joseph L. Marks
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