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Instrument Prepared By:
Deborah S. Krauth, 1416 Buckeye, Ste. 200, Ames, Iowa 50010; 515-233-3000
ARTICLES OF INCORPORATION
OF
SOMERSET TOWN CENTER
TO THE SECRETARY OF STATE OF THE STATE OF IOWA:
Pursuant to Iowa Nonprofit Corporation Act §504A.29, the undersigned adopts the
following Articles of Incorporation:
ARTICLE I
NAME
The name of the corporation is:
Somerset Town Center
ARTICLE II
DURATION
The period of duration for the corporation is perpetual. The existence of this corporation
shall commence at the time and date of filing of these Articles of Incorporation with the Secretary
of State of the State of Iowa.
ARTICLE III
PURPOSE
The purpose and objectives for which this corporation is organized is to promote the health,
safety and welfare of the residents of Somerset Subdivision, Story County, Iowa, including but not
limited to:
Maintenance and repair of all landscaping,private streets,walks and parking
and parking lots(including striping), snow and ice removal on alleys,parking
and walks, lighting in parking lots, common area of Town Center, trash
collection, and common area liability insurance.
ARTICLE IV
REGISTERED OFFICE AND REGISTERED AGENT
The street address of the corporation's registered office in Iowa is 105 S. 161h Street, Ames,
Iowa, 50010, and the name of its registered agent is Erben A. Hunziker.
ARTICLE V
DIRECTORS
The number of directors of the corporation shall be three and the name and address of the
persons now serving as directors are:
Director Address
Erben A. Hunziker 105 S. 16`h Street
Ames, IA 50010
Donald M. Furman 803 24`h Street
Ames, IA 50010
Reinhard K. Friedrich 6`h Street &Duff Avenue
Ames, IA 50010
ARTICLE VI
PERSONAL LIABILITY OF DIRECTORS
Directors shall not be personally liable to the corporation or its shareholders and shall be
indemnified by the corporation for all claims or liabilities, including the defense of such claims or
liabilities, that may be brought against an individual Director by virtue of their being a Director of
this corporation, except as may be specifically limited by provisions of the Iowa Business
Corporation Act.
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ARTICLE VII
INCORPORATORS
The name and address of each incorporator of the corporation is:
Incorporator Ads
Erben A. Hunziker 105 S. 16`h Street
Ames, IA 50010
Donald M. Furman 803 24`h Street
Arues, IA 50010
Reinhard K. Friedrich 6`h Street & Duff Avenue
Ames, IA 50010
ARTICLE VIII
No part of the net earnings of the corporation shall inure to the benefit of, or be distributable
to the benefit of, or be distributable to the benefit of, or be distributable to its members, trustees,
officers, or other private persons, except that the corporation shall be authorized and empowered to
pay reasonable compensation for services rendered and to make payments and distributions in
furtherance of the purposes set forth in these Articles. No substantial part of the activities of the
corporation shall be the carrying on of propaganda, or otherwise attempting to influence legislation,
and the corporation shall not participate in, or intervene in (including the publishing or distribution
of statements) and political campaign on behalf of any candidate for public office. Notwithstanding
any other provision of these articles, the corporation shall not carry on any other activities not
permitted to be carried on (a) by a corporation exempt from federal income tax under section
501(c)(3) of the I.R.C. or(b) by a corporation, contributions to which are deductible under section
170(c)(2) of the I.R.C.
ARTICLE IX
DISSOLUTION
On the dissolution of the corporation, the Board of Directors shall, after paying or making
provisions for the payment of all of the liabilities of the corporation, dispose of all of the assets of
the corporation exclusively for the purposes of the corporation in such manner or to such
organization or organizations organized exclusively for charitable, educational, religious, or
scientific purposes as shall qualify as an exempt organization or organization under Section
501(c)(3) of the Internal Revenue Code as the Board of shall determine. Any such assets not so
disposed shall be disposed of by the Iowa District Court in the county in which the principal office
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of the corporation is then located, exclusively for such purposes or to such organization or
organizations and operated exclusively for such purposes.
Erben . Hunziker, Incorporator
Donald M. Furman, Incorporator
R inhard K. Friednch, nco rator
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