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I, the undersigned, acting as incorporator of a corporation under the Iowa Nonprofit Corporation Act adopt the following Articles of Incorporation for such corporation:
NAME. The name of the corporation is CF Meadows Homeowners Association. The corporation is organized under Chapter 504A of the Code of Iowa, 2001.
DURATION. The corporation's existence shall be perpetual.
PURPOSES. The purposes of the corporation are to provide for the administration, maintenance and care of Meadows Addition and Meadows Second Addition with respect to the common areas and green spaces of the development including, but not limited to, mowing, watering, including upkeep of any underground sprinkler system, snow removal of common areas, maintenance of the entry sign arid maintenance of the pond and to conduct the affairs of the Homeowners Association in Meadows Addition.
INUREMENT OF INCOME. No part of the net earnings of the corporation shall inure 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 ibr services rendered.
LEGISLATIVE OR POLITCAL ACTIVITIES. 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) any political campaign on behalf of any candidate for public office.
OPERATIONAL LIMITATIONS. Notwithstanding any other provisions of these Articles, the corporation shall not carry on any other activities not permitted to be carried on under Section 528 of the Internal Revenue Code of 1986 (or the corresponding provision of any future United States Internal Revenue law).
POWERS. The corporation shall have all of the general powers conferred by the provisions of Chapter 504A of the Code of Iowa, as amended from time to time.
REGISGTERED OFFICE AND AGENT. The address of the corporation's initial registered office in the County of Black Hawk is Cedar Falls, Iowa, 50613, and the name of its initial registered agent at such address is George F. Lansink.
DIRECTORS. The number of directors constituting the initial Board of Directors of the corporation is six and the names and addresses of the persons to serve as the initial directors are:
The affairs of the corporation shall be managed by the Board of Directors. The number of directors and their qualifications for office shall be prescribed in the Bylaws of the corporation. The number of directors may be increased from time to time by amendment to the Bylaws. Any director may be removed from office, with or without cause, upon the majority vote of the other directors at any regular or special meeting called for that purpose.
INCORPORATOR. The name and address of the incorporator is Richard B. Morris,
EXEMPTION. The private property of the directors of the corporation shall be exempt from liability of and for any and all corporate duties and obligations. This Article shall not be amended except by unanimous consent of all directors of the corporation.
DISSOLUTION. In the event of dissolution, winding up, or other liquidation of the assets of this corporation, ifs assets shall be applied and distributed as follows: