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Fleetwood Plaza Regime
Articles of Incorporation (Charter)
 

I, the undersigned, being more than 18 years of age, and acting as incorporator for the purposes of creating a non-profit corporation under the laws of the state of North Carolina as contained in Chapter 55A of the General Statutes of North Carolina entitled "Non-Profit Corporation Act," and the several amendments thereto, do hereby set forth:

  1. The name of the corporation is Fleetwood Plaza Regime.

  2. The period of duration of the corporation is perpetual.

  3. The purposes for which the corporation is organized are:

    1. To provide for the acquisition, construction, management maintenance and care of association property.

    2. To serve as the governing body of the association of unit owners of the Fleetwood Plaza Condominium located or to be located in the Fleetwood Section of the Town of Laurel Park located in Henderson County, North Carolina.

    3. To conduct a fraternal association among members of the corporation.

    4. To promote the moral and social welfare of its members.

    5. To facilitate and maintain good and neighborly relations among neighbors.

    6. To promote the appearance of the real estate known as Fleetwood Plaza Condominiums and of the real estate owned by the members, individually, so as to make more attractive the property owned by the association, condominium units owned by the individual members, and common areas and facilities and limited common areas and facilities owned as tenants in common by the individual members.

    7. Notwithstanding any of the provisions of these Articles, exclusively for those purposes which will qualify the corporation as a homeowners association within the meaning of §52II of the Internal Revenue Code of 1954, as amended (or the corresponding provision of any future United States Internal Revenue law).

  4. The corporation shall have one class of members, the designation, qualifications and rights of which shall be set forth in the initial B y-Laws adopted by the directors or in any amendments thereto.

  5. The directors of the corporation shall be elected or appointed in the manner and for the term provided in the By-Laws.

  6. No part of the net earnings of the corporation shall inure (other than by acquiring, constructing, or providing management, maintenance, and care of association property, and other than by rebate of excess membership dues, fees, or assessments) to the benefit of, or be distributable to, its directors, officers, members, or other private persons. Notwithstanding any other provision of these Articles, the corporation shall not carry on any other activity not permitted to be carried on by a homeowners’ association as defined in 4528 of the Internal Revenue Code of 1954, as amended (or the corresponding provision of any future United States Internal Revenue law).

  7. The name and address of the initial registered agent of the corporation in the state of North Carolina is Richard S. Merrill, Jr., 228 North Church Street, Hendersonville, Henderson County, North Carolina, 28739.

  8. The number of directors constituting the initial Board of Directors shall be three. The names of the persons who are to serve as the initial Board of Directors are:

NAME

Richard S. Merrill, Jr.


Thomas H. Pride


Charles M. Tinsley

ADDRESS

228 North Church Street
Hendersonville, Henderson County, NC 28739

Route 2, Box 269, Bearwallow Road
Hendersonville, Henderson County, NC 28719

226 Robinwood Trail
Hendersonville, Henderson County, NC 289739
  1. The name and address of the incorporator is as follows: Richard S. Merrill, Jr., 228 North Church Street, Hendersonville, Henderson County, North Carolina, 28739.


IN TESTIMONY WHEREOF, I have hereunto set my hand and seal this  11th  day,  August , 1982.


____________________________
RICHARD S. MERRILL, JR.    

STATE OF NORTH CAROLINA
COUNTY OF HENDERSON