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Collection: Original Records > Articles of Incorporation

Lake Vera Mutual Water Company (AI-L048)(1956) (6 pages)

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~~ aggre ENPORSS D ARTICLES OF INCORPORATION OF Aug 9» i 8 LAK& VERA MUTUAL WATER COMPANY FRANK fi, JORDAN, « 2 Secratery of Stary I, NAME piles orca: gant The name of this corporation is LAKES VERA MUTUAL WATER COMPANY. IT, PURPOSES The only business in which this corporation is intended to engage, and its only purpose, is the business and purpose of developing, distributing, supplying and delivering water fer domestie use (including lacidental vecreational use), at actual cost plus necessary expenses, to lts members, This corporation shall not distribute any sains, vrofits or dividends to its members except upon the dissolution of the corporation, Ia aid of such purpose this corporation may acquire by @11 lawful means water and water righta aad water bearlng land and water works; construct dams, reservoirs and ditches; lay pipes and construct all other seedful aqueducts and water works for diverte ing, Storing, conducting and distributing waters; dig or bore wells and construct Dumps and cperate the same; purchase, lease or other~ Wise acquire, hold, ow and enjoy ali other kinds of veal and pergonal property, and sell, lease, mortgage and otherwise encumber and dispose thereof; and carry on all operations necessary or convenient in connection with the transaction of ita business, TIT. ORGANIZATION This corporation is organized pursuant to Part 1 of Divie Sion @ of Title 1 of the Corporations Code, for the purpose of holding title to and operating property for organizations exempy from ineome tax under the federal Internal Revenue Code, If the carpoe ration is dissolved its assets may be transferred only to orgenizations organized and operated exclusively for religious, chariteble, sclentifie, literary or educational purposes and exempt from federal Lucome tax as such under the Internal Revenue Code. IV. PRINCIPAL OFFICE The county in the State of California where the prinelpal office for the transaction of business of this corporation is to be located is Alameda County, ls.