That the name of this corporation shall be: CASCADEL WOODS PROPERTY
That the specific and primary purposes for which this said corporation
is formed are the promotion of social and beneficial activities
to the organization of persons owning or interested in owning a
home in the Cascadel Woods Development; to promote and protect the
interest of its members against fraud and imposition; to assist
its members in the protection and enforcement of their rights on
any matter connected with their ownership or use of their homes;
to protect the rights of its members under the provisions of the
"Recorded Protective Restrictions, Covenants and Agreements"
affecting that Real Property known as Cascadel Woods Subdivisions
Nos. 1, 2, 3, 4, and all other subdivisions which may be developed
within the boundary limits of Cascadel Properties; to publicize
and advertise in order to advance the interest of this corporation,
its business, purposes, departments, or any of its members.
own, sell, mortgage and lease real estate or other property as may
be necessary for the purposes of this corporation; to receive, manage,
take and hold real and personal property by gift, grant, device,
and bequest, and to sell or dispose of the same, and to do each
and everything necessary, suitable or proper for the accomplishment
of any of the purposes herein enumerated, or which shall at any
time appear conducive or expedient for the protection or benefit
of this corporation.
to the foregoing primary objects, it shall have the following general
objects and powers:
and hold all property, real and personal, including shares of stock,
bonds, and securities of other corporations.
To act as trustee
under any trust incidental to the principal objects of the corporation,
and to receive, hold and administer and expend funds and property
subject to such trusts.
exchange, lease, mortgage and encumber, transfer upon trust or otherwise
dispose of all property, real or personal.
To borrow money,
contract debts and issue bonds, notes and debentures, and to secure
To do all other acts necessary or expedient for the purposes of
the administration of the affairs and attainment of the purposes
of the corporation, including the conduct of any business for profit,
providing said profits are used for the objects of said corporation
and not distributed to the members thereof.
That the principal offices for the transaction of business of said
corporation shall be located in the county of Madera, State of California.
That the term for which said corporation is to exist is perpetual.
That this is a corporation which does not contemplate pecuniary
gain or profits to the members thereof, and therefore there shall
be no capital stock. The property is irrevocably dedicated to social
and recreational purposes, and upon the liquidation or dissolution
or abandonment of the same, the ownership will not inure to the
benefit of any private person except a fund, foundation or corporation,
organized and operated for the sole purpose of advancing social
or recreational activities.
That the number of directors of said corporation shall be three,
and that the names and addresses of persons who are to act in the
capacity of directors until selection of their successors and who
shall be known as trustees, are:
W. F. Norwood
- 1595 East Chevy Chase, Glendale 6, California
Basil Robinson - 650 Farmdale Avenue, North Hollywood, Calif.
John D. Lindsey - 25997 Mission Boulevard, Hayward, California
That the number
of directors, or trustees may be changed by a by-laws duly adopted
or amended by the members, authority for which is hereby expressly
WHEREOF, for the purpose of forming this corporation under the laws
of the State of California, we, the undersigned, constituting the
incorporators of this corporation, including the persons named hereinabove
as first directors of this corporation, have executed these Articles
of Incorporation, this 4th day of July, 1963.
John D. Lindsey
STATE OF CALIFORNIA
COUNTY OF MADERA
On this 4th day of July, 1963, before me, the undersigned, a Notary
Public in and for said County and State, personally appeared W.
F. Norwood, Basil Robinson and John D. Lindsey, the persons whose
names are subscribed to the foregoing Articles of Incorporation
and acknowledged to me that they executed the same.
WITNESS my hand and official seal.
in and for said County and State
B. Alonzo Cornwell
My commission expires July 19, 1965