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Collection: Original Records > Articles of Incorporation

Lake Wildwood Association (AI-L067)(1968) (5 pages)

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FIFTH: (a) The number of directors of the corporation is three (3). (b) The names and addresses of the persons who are appointed to act as directors until the appointment of their successors are: John K. M. Olsen 12790 Normandy Lane Los Altos Hill, California John C. Begley 360 Tamalpais Avenue Mill Valley, California Marcia Ann Ludlow 330 Irving Street San Francisco, California (c) The number of directors of the corporation may be changed either by an amendment to these articles or by a by-law adopted by the members. SIXTH: The corporation shall have no capital stock and shares therein shall not be issued. The corporation shall have two (2) classes of members, i.e., members and associate members, the qualifications for each of which shall be those prescribed in the corporation's by-laws. The interests of each member, which shall be equal to that of every other member, and the interests of each associate member, which shall be equal to that of every other associate member, shall be evidenced by a certificate or other written documentation issued by the corporation under terms to be fixed by its by-laws. Failure to issue such certificate or other written documentation shall in no event affect the rights, privileges, or liabilities of membership or associate membership. SEVENTH: No part of the net earnings of the corporation shall inure to the benefit of any member or individual. EIGHTH: In the event of the dissolution or the winding up of the corporation, after paying or adequately providing for the debts and obligations of the corporation, the assets remaining shall be divided and distributed among the members in accordance with their respective rights therein, IN WITNESS WHEREOF, the undersigned and above-named first directors of the corporation have executed these Articles of Incorporation on November 25, 1968. ply p . Uh. (Le ov aun K. M. Olsen YY, oh C. Begley Ala Marcia Ann Ludlow.