Agenda - 07-19-1982 - Laserfiche WebLink

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Judy S. Gamble The Chairperson announced that Articles of Incorporation for corporation had been filed with the Secretary of State for the State o North Carolina on the 25th day of July. 1973, and had been approved b- Secretary of State and returned to the corporation. Upon motion it wai ordered that the Articles be accepted and that after the cer-ified cop, recorded with the Register of Deeds of Orange County, North Carolina, 1 it be inserted into the minute book of the corporation. The acting Chairperson, then suggested that the Board of Dirk adopt r ormed By-Laws of the corporation in order to govern the affairs 21) the co orlation. Upon motion duly seconded, the following were adoptec the By a of the corporation, baving first been read, *considered, ;di.and ,agreed upon section by section.' BY-LAWS OF FRIENDS COMMUNITY, INCORPORATED PREAMBLE Desiring to live in harmony with both nature and our fellow m the articles of incorp6ration and the by-laws set forth below are an at to realize a living community based on principles of hamoniott1 living. Traditio'nal Friends (Quaker) testimonies are our guiding ideals, foreir:i awng these being cooperation, harmony, non-violence both to ran and na tolerance, and moderation. We propose to leave the majority of the tract in its natural state, dedignating a limited number of "five-acre-tracts" to be deeded individuals who wish to join the community. The individual com.munity-M� owners would old title to their individual tract (s) and also be share in the remaining acres of property owned by the corporation. The respoi for managing the corporate land would be that of the community memberst- 14=m?fnj- lanes, a pond, communal garden space, and recreational areas w( be initial tasks. In addition, each community-member-owner would be responsible developing his own tract (s) (if he should choose to make any changes at all) in accordance with the spirit of the following by-laws which are d( to promote ecologically sound development. The community (corporation) to make 1* o financial profit. These by-laws,will, be interpreted by the c Munitypembers themselves in a spirit of harmony and responsibility. ARTICLE I Mutas Section 1. Principal Office: The principal office of the corp oration shall' be located at until such time as construcqion was completed in the property to be acqu by the corporation.