ARTICLES OF INCORPORATION OF LAKEWOOD HOME OWNERS ASSOCIATION, INC.
FILED In the Office of the Secretary of State of Texas MAY 16 1978 Loma Salgran Deputy Director, Co:peration Division WE, the undersigned natural persons of the age of Eighteen (18) years or more, at least two (2) of whom are citizens of the State of Texas, acting as incorporators of a Corporation under the Texas Non-Profit Corporation Act, do hereby adopt the following Articles of Incorporation for such corporation: ARTICLE ONE The name of the Corporation is: LAKEWOOD HOME OWNERS ASSOCIATION, INC.
ARTICLE TWO The Corporation is a non-profit corporation.
ARTICLE THREE The period of its duration is perpetual.
ARTICLE FOUR The purposes for which this corporation is formed are: 1.
2.
The specific and primary purpose is to own all common areas including green belts, walks, park and hike trails, drives (excluding dwelling sites and private patio and detached housing areas) as shown on the plat recorded in Volume 75, Page 115, Travis County, Texas, Plat Records, and to own, maintain and operate the recreational facilities exclusively for the pleasure and recreation of the Members of Lakewood Home Owners Association, Inc.
The general purposes and powers are: (a) To construct, own, and operate a swimming pool, clubhouse, tennis courts, hiking trails and all usual and necessary accessories thereto.
(b) To collect and disburse assessments, provide for maintenance, and to administer and enforce the Declaration of Covenants, Conditions and Restrictions for Lakewood Subdivision as recorded in Book 5641, Page 2341, et seq. of the Deed Records of Travis County, Texas, and any subsequent amendments thereto.
(c) To make and perform contracts of every kind for any lawful purpose without limit as to amount,
age 2341, et seq. of the Deed Records of Travis County, Texas, and any subsequent amendments thereto.
(c) To make and perform contracts of every kind for any lawful purpose without limit as to amount, with any person, firm, association, corporation, municipality, state government, or municipal or political subdivision.
(d) To have and exercise all the rights and powers conferred on non-profit corporations under the Texas Non-Profit Corporation Act, as such law is now in effect or may at any time hereafter be amended.
(e) To do all other acts necessary or expedient for the administration of the affairs and attainment for the purposes of this corporation.
The foregoing statement of purposes shall be construed as a statement of both purposes and powers, and the purposes and powers stated in each clause shall, except where otherwise expressed, be in no way limited or restricted by any reference to or inference from the terms or provisions of any other clause, but shall be regarded as independent purposes and powers.
3.
Notwithstanding any of the foregoing statements of purposes, this corporation shall not, except to an insubstantial degree, engage in any activities or exercise any powers that are not in furtherance of the primary purpose of this corporation as set forth in Paragraph One (1) of this Article Four (4), and nothing contained in the foregoing statement of purposes shall be construed to authorize this corporation to carry on any activity for the profit of its Members, or to distribute any gains, profits, or dividends to its Members as such, except on dissolution and winding up.
This corporation is organized pursuant to the Texas NonProfit Corporation Act and does not contemplate pecuniary gain or -2-
r dividends to its Members as such, except on dissolution and winding up.
This corporation is organized pursuant to the Texas NonProfit Corporation Act and does not contemplate pecuniary gain or -2profit to the Members thereof and is organized for non-profit purposes.
ARTICLE FIVE The street address of the initial registered office of the corporation is 3530 Hyridge, Austin, Texas, and the name of its initial Registered Agent at such address is: ROBERT T. MAYFIELD.
ARTICLE SIX The number of Directors constituting the initial Board of Directors of the corporation is three (3), and the names and addresses of the persons who are to serve as the initial Directors are: the CHARLES SHIERLOW 3300 Big Bend Drive Austin, Texas 78731 ROBERT T. MAYFIELD 3530 Hyridge Austin, Texas 78759 MAURY HOOD 7520 Stonecliff Drive Austin, Texas 78731 ARTICLE SEVEN The name and street address of each incorporator is: FOREST D. COOK 521 First Federal Plaza Austin, Texas 78701 JAMES W. YANCY, JR.
521 First Federal Plaza Austin, Texas 78701 BRENDA BALLARD 521 First Federal Plaza Austin, Texas 78701 IN WITNESS WHEREOF, we have hereunto set our hands, در day of May, 1978.
forest) FOREST D. COOK on this JAMES W. YANCY, JR.
B BRENDA BALLARD -3Ballard