Browse
Search
Agenda 06-04-2019 6-a - Major Subdivision Preliminary Plat Application – Fairway Hills
OrangeCountyNC
>
Board of County Commissioners
>
BOCC Agendas
>
2010's
>
2019
>
Agenda - 06-04-19 Regular Meeting
>
Agenda 06-04-2019 6-a - Major Subdivision Preliminary Plat Application – Fairway Hills
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/30/2019 2:56:32 PM
Creation date
5/30/2019 2:53:52 PM
Metadata
Fields
Template:
BOCC
Date
6/4/2019
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
6-a
Document Relationships
Agenda - 06-04-2019 Regular Board Meeting
(Message)
Path:
\Board of County Commissioners\BOCC Agendas\2010's\2019\Agenda - 06-04-19 Regular Meeting
Minutes 06-04-19 Regular Meeting
(Message)
Path:
\Board of County Commissioners\Minutes - Approved\2010's\2019
RES-2019-033 Resolution of approval for the Fairway Hills preliminary plat
(Message)
Path:
\Board of County Commissioners\Resolutions\2010-2019\2019
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
109
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
42 <br /> ARTICLE V <br /> DISTRIBUTION OF ASSETS UPON DISSOLUTION <br /> Any assets of the corporation shall, upon dissolution of the corporation, be distributed in <br /> accordance with the applicable provisions of the North Carolina Planned Community Act and/or the <br /> North Carolina Nonprofit Corporation Act,as applicable. <br /> ARTICLE VI <br /> PRINCIPAL OFFICE <br /> The initial street and mailing address of the principal office of the corporation is 504 <br /> Meadowlands Drive, Hillsborough, North Carolina 27278. The principal office may, however, be <br /> located at such other place(s) as may be designated from time to time by the corporation's Board of <br /> Directors. <br /> ARTICLE VII <br /> PURPOSES <br /> The corporation does not contemplate pecuniary gain or profit to its Members and is <br /> formed solely for the purposes for which a nonprofit corporation may be formed and operated <br /> pursuant to the North Carolina Planned Community Act and the North Carolina Nonprofit <br /> Corporation Act. The specific purposes for which the corporation is formed are as follows: <br /> (a) to have and exercise any and all powers, rights and privileges granted to <br /> the corporation by the Declaration, to perform the functions and duties set forth in the Declaration <br /> and to enforce any valid restriction, condition and covenant set forth in the Declaration, all to the <br /> full extent not inconsistent with the North Carolina Planned Community Act and/or the North <br /> Carolina Nonprofit Corporation Act,as applicable; <br /> (b) to receive, acquire, hold, retain, encumber, sell, transfer and/or convey <br /> legal or beneficial title to the Common Elements,or any part thereof, and any tangible or intangible <br /> personal property,as provided in the Declaration; <br /> (c) to exercise all powers deemed by the Board of Directors of the corporation <br /> to be necessary to the corporation's objectives and purposes or which reasonably may be implied <br /> therefrom, including, but not limited to, the power to solicit, collect, receive, administer and <br /> disburse funds and file liens in such manner as, in the sole discretion of the Board of Directors of <br /> the corporation, will operate most effectively to further the mutual benefit of the members of the <br /> corporation consistent with the applicable provisions of the Declaration,the North Carolina Planned <br /> Community Act and the North Carolina Nonprofit Corporation Act;and <br /> (a) to have and exercise any and all other powers, rights and privileges which <br /> a corporation organized pursuant to the North Carolina Planned Community Act and the North <br /> Carolina Nonprofit Corporation Act may by law now or hereafter have or exercise. <br /> ARTICLE VIII <br /> INITIAL DIRECTORS <br /> The corporation's initial Board of Directors shall consist of three(3)directors. The names <br /> and addresses of the corporation's initial directors are as follows: <br /> 32 <br />
The URL can be used to link to this page
Your browser does not support the video tag.