Articles of Incorporation of Foxwood Homeowners Association

ARTICLE III

PURPOSE AND POWERS OF THE ASSOCIATION

This Association does not contemplate pecuniary gain or profit to the members thereof, and the specific purposes for which it is formed are to provide for maintenance, preservation and architectural control of the residence Lots, Common Areas, and Common Maintenance Areas within that certain tract of Property (the "Property") described as follows:

PARCEL A:

The east half of the west half of the northwest quarter of the northeast quarter of Section 25, Township 22 North, Range 5 East, W.M., in King County, Washington;

EXCEPT the north 30 feet thereof conveyed to King County for road by deed recorded under Recording No. 4144013;

PARCEL B:

The west half of the west half of the northeast quarter of the northeast quarter, and the east half of the northwest quarter of the northeast quarter, all in Section 25, Township 22 north, Range 5 east, W.M., in King County, Washington;

EXCEPT the north 30 feet thereof conveyed to King County for road by deed recorded under Recording No. 4130154.

and to promote the health, safety and welfare of the residents within the above-described property and any additions thereto as may hereinafter be brought within the jurisdiction of this Association for this purpose to:

exercise all of the powers and privileges and to perform all of the duties and obligations of the Association as set forth in that certain Declaration of Covenants, Conditions and Restrictions, hereinafter called "Declaration," applicable to the Property and recorded in the Office of the King County Recorder and as the same is amended from time to time as therein provided, said Declaration being incorporated herein as if set forth at length;
fix, levy, collect and enforce payment by any lawful means of all charges or assessments pursuant to the terms of the Declaration; to pay all expenses in connection therewith and all office and other expenses incident to the conduct of the business of the Association, including all licenses, taxes or governmental charges levied or imposed against the Property of the Association;
acquire (by gift, purchase or otherwise), own, hold, improve, build upon, operate, maintain, convey, sell, lease, transfer, dedicate for public use or otherwise dispose of real or personal property in connection with the affairs of the Association;
borrow money, and with the assent of two-thirds (2/3) of each class of members, mortgage, pledge, deed in trust, or hypothecate any or all of its real or personal property as security for money borrowed or debts incurred;
as provided in the Declaration, dedicate, sell or transfer all or any part of the Common Area to any public agency, authority, or utility for such purposes and subject to such conditions as may be agreed to by the members. No such dedication or transfer shall be effective unless an instrument has been signed by two-thirds (2/3) of each class of members, agreeing to such dedication, sale or transfer;
participate in mergers and consolidations with other nonprofit Corporations organized for the same purposes or annex additional residential property and Common Area, provided that any such merger, consolidation or annexation shall have the assent of two-thirds (2/3) of each class of members;
engage in any activity which may be lawfully conducted by a nonprofit Corporation under the Washington Nonprofit Corporation Act;
engage in all such activities as are incidental or conducive to the attainment of the purposes in this Corporation, or any of them, and to exercise any and all powers authorized or permitted to be done by a nonprofit Corporation under any laws that may be now or hereafter applicable or available to this nonprofit Corporation.
to suspend the voting rights of a member for any period during which any assessment, or any other charge (as defined in Article XVI, Section 6 of the Declaration), against the Lot remains unpaid and for a period of not to exceed sixty (60) days each for any (and for each separate) infraction of the terms of the Declaration, the Articles, or the Bylaws of the Association.

The foregoing clauses of this Article III shall each be construed as purposes and powers, and the matters expressed in each clause shall be in no way limited or restricted by reference to or inference from the term of any other clauses, but shall be regarded as independent purposes and powers; and nothing contained in these clauses shall be deemed in any way to limit or elude any power, right, or privilege given to this nonprofit Corporation by law or otherwise.

ARTICLE IV

MEMBERSHIP

The Association shall have two classes of voting membership:

Class A Class A members shall be all Owners, with the exception of (i) the Declarant, while the Declarant is a Class B member, and (ii) the owners of lots described as exempt in the Declaration. Class A members shall be entitled to one (1) vote for each Lot owned within the Property ("Lot"). When more than one (1) person holds an interest in any Lot, all such persons shall be members. The vote for such Lot shall be exercised as they, by majority determine, but in no event shall more than one (1) vote be cast with respect to any Lot, nor shall any vote be divided. When more than one person holds an interest in any lot, all such persons shall unanimously designate (in writing delivered to the secretary of the Association) one of the persons (owning an interest in the Lot) to vote (in person or by proxy) the vote for such Lot.

Class B. Class B member(s) shall be the Declarant (as defined in the Declaration) and shall be entitled to three (3) votes for each Lot owned. The Class B membership shall cease and be converted to Class A membership on January 1, 1999. The

ARTICLE V

BOARD OF DIRECTORS

The affairs of this Association shall be managed by a Board of Directors. The number of Directors shall be fixed by the Bylaws and may be increased or decreased from time to time in the manner specified in the Bylaws. The initial Board of Directors shall consist of three (3) members. The names and addresses of the persons who are to act in the capacity of Directors (the "Initial Directors") until the first election of their successors, unless they resign or are removed, are:

	Name	Address
1.	William E. Ruth	19222 108th Ave SE Renton 98055
2.	Jan Winkle	19222 108th Ave SE Renton 98055
3.	Ralph Giaccio	19201 108th Ave SE Renton 98055

William E. Ruth, the Incorporator (see Article XIII), is also the Declarant as defined in the Declaration of Covenants, Conditions and Restrictions of the Foxwood Homeowners' Association. The Property is subject to the Declaration. As the Declarant, the Incorporator hereby appoints the above Initial Directors as a Temporary Board appointed pursuant to Article III, Section 3 of the Declaration. The Temporary Board of Directors and its members, and any successor Board members elected or appointed pursuant to the Bylaws of the Association, shall for all purposes be full members of the Board of Directors. A Temporary Board shall have all powers and authority granted to the Board of Directors by these Articles of Incorporation and the Bylaws of the Association.

ARTICLE VI

DISSOLUTION

The Association may be dissolved with the assent given in writing and signed by not less than two-thirds (2/3) of each class of members. Upon dissolution of the Association, other than incident to a merger or consolidation, the assets of the Association shall be dedicated to an appropriate public agency to be used for purposes similar to those for which this Association was created. In the event that such dedication is refused acceptance, such assets shall be granted, conveyed and assigned to any nonprofit Corporation, association, trust or other organization to be devoted to such similar purposes.

ARTICLE VII

DURATION

The Corporation shall exist perpetually.

ARTICLE VIII

AMENDMENTS

Amendment of the Articles of Incorporation by the Association shall be by affirmative vote of 75 percent (75%) of each class of members, unless otherwise provided herein. Notwithstanding anything in these Articles to the contrary, these Articles of Incorporation may not be amended without the written consent of the Declarant so long as Declarant is a Class A or Class B voting member of the Association.

ARTICLE IX

LIABILITIES

The highest amount of indebtedness or liability, direct or contingent, to which this Corporation may be subject to at any one time shall not exceed 150 percent (150%) of its income for the previous fiscal year, provided that, additional amounts may be authorized by the assent of two-thirds (2/3) of each class of members.

ARTICLE X

RESTRICTION ON USE OF INCOME

No part of the income of this Corporation shall inure to the benefit of any member, director, or officer of the Corporation, or any private individual, except that reasonable compensation may be paid for services rendered to or for this Corporation affecting one or more of its purposes.

ARTICLE XI

LIMITATION OF LIABILITIES/INDEMNIFICATION

To the extent permitted by law, the personal liability of a director to the Association or to the Association's members for monetary damages for conduct as a director is limited to liability for acts or omissions that involve intentional misconduct by a director or a knowing violation of law by a director, or for any transaction from which the director will personally receive a benefit in money, property, or services to which the director is not legally entitled. To the extent permitted by law, the personal liability of an officer to the Association or its members for monetary damages for conduct as an officer is limited to liability for acts or omissions that involve intentional misconduct by an officer or a knowing violation of law by an officer, or for any transaction from which the officer will personally receive a benefit in money, property, or services to which the officer is not legally entitled. To the maximum extent permitted by law, the Association shall indemnify its directors, officers and members of any corporate committee from claims asserted against any of them, and arising, as applicable, out of any action taken, or not taken, as director, officer, or member of any corporate committee.

MyHOA-online.com LLC Located in Auburn, WA
[Login][Search]