SECRETARY OF STATES OFFICE
I, TONY MILLER. Acting Secretary of State of the State of California hereby certify:
That the annexed transcript has been compared with the corporate record on file in this office, of which it purports to he a copy, and that same is full, true and correct.
IN WITNESS WHEREOF, I execute this certificate and affix the Great Seal of the State of California this NOV 17 , 1994
RESTATED ARTICLES of INCORPORATION
CORONADO SHORES CONDOMINIUM ASSOCIATION No. 7
Willard H. Thompson and Hamilton Lawrence certify that:
1. They are the president and
secretary, respectively, of Coronado
2. The Articles of Incorporation of
this Association are amended and
ARTICLE 1 - NAME
The name of the association is Coronado Shores Condominium Association No. 7.
ARTICLE 2 - PURPOSE AND POWERS
(a) This corporation is a nonprofit mutual benefit corporation organized under the Nonprofit Mutual Benefit Corporation Law. The purpose of this corporation is to engage in any lawful act or activity for which a corporation may be organized under such law.
(b) This corporation elects to be governed by all of the provisions of the Nonprofit Corporation Law of 1980, not otherwise applicable to it under Part 5.
(c) The Association is formed as an association to manage a common interest development under the DavisStirling Common Interest Development Act (California Civil Code Sections 13501373).
(d) The specific and primary purpose of the Association is to act as a "management body" for the preservation, maintenance, improvement and architectural control of the living area and common area in Coronado Shores Building No. 7, La Perla Tower (hereinafter referred to as the "Project") in San Diego County, California.
(e) The Association may also exercise the powers granted to a nonprofit mutual benefit corporation enumerated in Section 7140 of the Corporations Code. In addition, the Association my exercise the powers granted to the Association in the Davis-Stirling Common Interest Development Act (Civil Code Section 1350 et seq).
Articles of Incorporation, Page #2.
(i) To make and
collect assessments against Members to defray the
(ii) To use the proceeds of
assessments to pay all expenses in
(iii) To maintain, repair, replace, improve and operate the Project.
(iv) To reconstruct
improvements after casualty and to further
(v) To make and amend
regulations governing the use of the property
(vi) To borrow money, to
mortgage, pledge, deed in trust, or
(vii) To enforce by legal means,
the provisions of the condominium
(viii) To contract for the management of
the Project and to delegate to
The foregoing clauses concerning the purposes of the Association shall be considered as a statement of both purposes and powers; and the purposes and powers in each clause shall, except where otherwise expressed, be in no manner limited or restricted by reference to or inference from the terms or provisions of any other clause but shall be regarded as independent purposes and powers.
ARTICLE 3 - RESTRICTIONS ON ACTIVITY
Notwithstanding the foregoing, the Association shall not except to an insubstantial degree, engage in any activities or exercise any powers that are not in furtherance of the specific and primary purposes of the Association.
Articles of Incorporation, Page #3.
ARTICLE 4 - BYLAWS
The rights of members, number of members, and manner of election of the Board of Directors and all other matters concerning the operation and governance of the Association shall be as set forth in the Governing Documents.
ARTICLE 5 - DISSOLUTION
On the dissolution or winding up of the Association, the assets of the association remaining after payment, or provision for payment, of all debts and liabilities of the Association, shall be distributed to the owners (as defined in the Declaration) of Condominiums in the Project, as their interests may appear.
ARTICLE 6 - AMENDMENTS
Amendments to these Articles of Incorporation shall require the assent (by vote or written consent) of members representing seventy five percent (75%) or more of the voting power of the Association.
ARTICLE 7 - MEMBERSHIP
Every person or entity who is a record owner of a fee or undivided fee interest in any Condominium which is subject by covenants or record to assessment by the Association shall be a member of the Association. The foregoing is not intended to include persons or entities who hold na interest merely as security for the performance of an obligation. Membership shall be appurtenant to and may not be separated from ownership of any Condominium which is subject to assessment by the Association.
Willard H. Thompson and Hamilton Lawrence further certify that:
3. The foregoing Amendment and
Restatement of Articles of Incorporation
4. The foregoing Amendment and
Restatement of Articles of Incorporation
We further declare under penalty of perjury under the laws of the state of California that the matters set forth in this certificate are true and correct of own knowledge.
Date: August 1, 1994 Signed by:
Willard H. Thompson President, CSCA 7