STONEGATE AT WEST HILLS HOMEOWNERS ASSOCIATION
Lots 11 through 52, inclusive, of Tract 43932, as per Map thereof recorded in Book 1089, Pages 4 through 8, inclusive, of Maps in the Office of the County Recorder of Los Angeles County, California, and
Lots 1 through 14, inclusive, and Lots 42 through 55, inclusive, of Tract 43933, as per Map thereof recorded in Book 1089, Pages 9 through 12, inclusive, of Maps in the Office of the County Recorder of Los Angeles County, California, referred to hereinafter as "Residential Lots" or "Lots."and any additions thereto as may hereafter be brought within the jurisdiction of the Association by annexation as provided in Article XI hereof, and to promote the health, safety and welfare of the residents within the above-described property.
In furtherance of said purposes, this Association shall have power to:
(a) Perform all of the duties and obligations, and exercise all of the powers, of the Association as set forth in that certain Declaration of Covenants, Conditions and Restrictions, hereinafter called the "Declaration", applicable to the property and recorded or to be recorded in the Office of the County Recorder of Los Angeles County, California, and any amendments thereof;
(b) Fix, levy, collect and enforce payment by any lawful means, all charges or assessments pursuant to the terms of the Declaration; to pay all expenses in connection therewith and all office and other expenses incidental to the conduct of the business of the Association, including all licenses, taxes or governmental charges levied or imposed against the property of the Association;
(c) Borrow money, and only with the assent (by vote or written consent) of members holding two-thirds (2/3) of the voting power of the Association, excluding the votes of Declarant, as that term is defined in the Declaration, mortgage, pledge or hypothecate any or all of its real or personal property as security for money borrowed or debts incurred if such a vote is required by the.Declaration;
(d) Participate in mergers and consolidations with other nonprofit corporations organized for the same purposes or annex additional residential property, provided that any merger, consolidation or such annexation shall have the assent by vote or written assent of members holding two thirds (2/3) of the voting power of the Association.
Notwithstanding any of the above statements of purposes and powers, this corporation shall not, except to an insubstantial degree, engage in any activities or exercise any powers that are not in furtherance of the specific purpose of this corporation.
Class A. Class A members shall be all Owners with the exception of the Declarant, as defined in the Declaration, and shall be entitled to one (1) vote for each Lot owned. When more. than one person holds an interest in any Lot, all such persons shall be members. The vote for such Lot shall be exercised as they among themselves determine, but in no event shall more than one (1) vote be cast with respect to any Lot.
Class B. The Class B member's shall be the Declarant (as defined in the Declaration), and shall be entitled to three (3) votes for each Lot owned. The Class B membership shall cease and be converted to Class A membership on the happening of any of the following events, whichever occurs earliest:
(a) Five (5) years fro� the date of recordation of the Declaration of Annexation most recently recorded pursuant to Section 3 of Article IX of the Declaration, or, if no Declarations of Annexation have then been recorded, five (5) years from the date of recordation of the Declaration, or
(b) When the Class A membership reaches 150 without giving effect to any such conversion of the Class B memberships.
Maury Froman 520 Broadway, Suite 100, Santa Monica CA 90401 Glenn Cardoso 520 Broadway, Suite 100, Santa Monica CA 90401 Fred Haun 520 Broadway, Suite 100, Santa Monica CA 90401 Bob Raber 520 Broadway, Suite 100, Santa Monica CA 90401 Ton Zanic 520 Broadway, Suite 100, Santa Monica CA 90401At the first annual meeting and at each annual meeting thereafter, the members shall elect five (5) directors, at least one of whom shall be elected solely by the Class A members. All directors shall be elected for a term of one year. At all times, at least 20% of the incumbents on the Board of Directors shall have been elected solely by the Class A members.
IN WITNESS WHEREOF, for the purpose of forming this corporation under the laws of the State of California, we, the undersigned, constituting the incorporators of this Association, . have executed these Articles of Incorporation this 16th day of December, 1991
Maury Froman Glenn Cardoso Fred Haun Bob Raber Tom Zanic STATE OF CALIFORNIA ) ) SS. COUNTY OF Los Angeles )On December 16, 1991 before me, the undersigned, a Notary Public in and for said County and State personally appeared Maury Froman, Glenn Cardoso, Fred Haun, Bob Raber, and Tom Zanic, personally known to me (or proved to me on the basis of satisfactory evidence) to be the persons whose names are subscribed to the within instrument and acknowledged that they executed the same.
WITNESS my hand and official seal.
Marian dal Piaz NOTARY PUBLIC - CALIFORNIA Notary Public in and for said County and State
Conversion, Cleanup, and Publishing by Andrew Oliver