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Articles of Incorporation of I. The name of this corporation is Summit Village, Inc. (sometimes hereinafter referred to as the Association). The first principal office of the Association shall be P.O. Box 4677, 131 Aspen Way, Stateline (Lake Tahoe), Nevada. The Association may change the location of the principal office, and also have offices at such other places as the Board of Directors may from time to time designate. II. The purposes for which this corporation is formed are to provide for the management, maintenance and preservation of the property over which this corporation has jurisdiction. And in furtherance thereof to do all things which may be authorized to be done by this corporation by virtue of any Declaration, Covenants, Conditions and Restrictions affecting such property. To have, enjoy and exercise all of the rights, powers and privileges which are now or which may hereafter be conferred upon non-profit corporations by the State of Nevada, including the right to do any and all of the things hereinabove set forth, as principal and as agent, to the same extent as natural persons might or could do. III. This corporation is organized pursuant to N.R.S. 81.410 to 81.540 inclusive. IV. The place where the principal business will be transacted is Douglas County, State of Nevada. V. There shall be one type of membership. Ownership of a residence lot or a residence unit shall be the sole qualification for membership. There shall be one vote for each existing lot or residential membership. There will be initially 400 memberships in Summit Village. VI. The membership shall be subject to such assessments as the Board of Directors may deem reasonably necessary in the furtherance of the objects of the corporation, provided, however, that the members owning unimproved residence lots shall not be subject to an assessment for more than 50% of the amount assessed to members owning improved residence lots. The manner of levying and enforcing assessments shall be in accordance with the provisions of the Declaration of Covenants, Conditions and Restrictions affecting the property over which this corporation has jurisdiction. VII. This corporation shall have no capital stocks and is not formed for profit. It is a corporation which does not contemplate the distribution of accumulations, gains, profits or dividends to the members thereof, and as a corporation, no part of the accumulations, gains or profits which shall not be paid or inure to the benefit of any private person, member or individual, and no part of the activities of this corporation shall consist of the carrying on of propaganda or otherwise to influence legislation. All of the assets and property of this corporation are irrevocably dedicated to community and civic welfare and interest, and upon the dissolution, liquidation or abandonment of this corporation none of its assets or property shall inure to the benefit of any private person, but shall be distributed to a fund or funds, foundation or foundations, or corporation or corporations organized and operated for the purpose of aiding and developing civic welfare and interest within such limits and elsewhere; provided, however, that in the absence of a specific designation or designations by the person or persons on board having the authority to so do, then the same shall be distributed to the County of Douglas, State of Nevada, for park and recreational purposes. Provided, however, the property may be conveyed to a non-profit corporation with similar purposes and membership to this corporation. VIII. The original incorporators, a majority of whom are residents of the State of Nevada, and their address are as follows:
IX. The number of Directors of this corporation shall be five (5), which same shall constitute the authorized number until changed by amendment to these Articles or by a By-Law adopted by the members of this corporation. The names and address of the persons first appointed to act as directors were:
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