Articles of Incorporation of Los Ranchos Del Rio Property Owners Association, Inc.

 

The undersigned, for the purpose of forming a nonprofit corporation under the laws of the state of New Mexico, hereby makes and adopts the following Articles of Incorporation:

 

ARTICLE I

NAME

 

            The name of the corporation is:  LOS RANCHOS DEL RIO PROPERTY OWNERS ASSOCIATION, INC.

 

ARTICLE II

NOT FOR PROFIT

 

The corporation is a nonprofit corporation under the laws of the state of New Mexico.  The corporation is not formed for pecuniary profit.  No part of the income or assets of the corporation is distributable to or from the benefit of its members or Trustees, except to the extent permissible under law.

 

ARTICLE III

DURATION

 

The duration of the corporation is perpetual.

 

ARTICLE IV

PURPOSE

 

            The corporation is organized, and shall be operated exclusively for, the following purposes:

 

a.                  to provide for development, maintenance and preservation of the common area within that certain subdivision known as LOS RANCHOS DEL RIO SUBDIVISION, and located in Sunland Park, Doña Ana County, New Mexico;

 

b.                  to promote the health, safety and welfare of the residents within the above-described property and any additions thereto;

 

c.                  to exercise all of the powers and privileges and to perform all of the duties and obligations of the Association as set forth in that certain Declaration of Protective Covenants and Restrictions applicable to the property and recorded in the Office of the County Clerk of Doña Ana County; and

 

d.                  to exercise all rights and powers conferred by the laws of the State of New Mexico upon nonprofit corporations.

 

ARTICLE V

LIMITATIONS

 

            No part of the net earnings of the Corporation shall inure to the benefit of or be distributable to its members, Trustees or officers, but the Corporation shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the purposes set forth in Article IV hereof. 

 

ARTICLE VI

INITIAL REGISTERED OFFICE AND AGENT

 

            The street address of the initial Registered Office of the Corporation is 17 Appaloosa Drive, Sunland Park, New Mexico 88063, and the name of its initial Registered Agent at that address is Charles Shepard.

 

ARTICLE VII

 

            The management of the Corporation shall be vested in a Board of Trustees.  The number of Trustees constituting the initial Board of Trustees is three.  The number Trustees may be increased or decreased from time to time in accordance with the Bylaws, but shall never be less than three.  The Trustees shall be elected in accordance with the Bylaws.  The Bylaws may provide for ex-officio and honorary trustees, and their rights and privileges.  The name and address of each initial Trustee of the Corporation is as follows:

 

George Ornelas                        1320 James Kelly

El Paso, Texas 79936

 

Ivan Cervantes                     4201 Buckingham

                                                El Paso, Texas 79902

 

Bernie Cervantes                     4201 Buckingham

                                                El Paso, Texas 79902

 

An affidavit signed by each Trustee stating that he/she consents to being a Trustee is on file with the Corporation.

 

ARTICLE VIII

INCORPORATOR

 

            The name and address of the incorporator is as follows:

 

Vicki L. Byrnes              5290 McNutt Rd., Suite 205

                                                PO Drawer 1289

Santa Teresa,  NM 88008

 

 

ARTICLE IX

BYLAWS

 

            The Bylaws of the Corporation are to be made and adopted by the Board of Trustees, and may be altered, amended or rescinded by the Board of Trustees.

 

ARTICLE X

INDEMNIFICATION

 

The Corporation shall indemnify each officer and Trustee, including former officers and Trustees, to the full extent permitted by the laws of the State of New Mexico.

 

ARTICLE XI

COMMENCEMENT OF CORPORATE EXISTENCE

 

            In accordance with the laws of the State of New Mexico, the date when the corporate existence shall commence is the date of subscription and acknowledgement of these Articles of Incorporation.

 

ARTICLE XII

NONSTOCK BASIS

 

            This Corporation is organized on a nonstick basis.  This Corporation shall not issue shares of stock.

 

            In Witness Whereof, the undersigned has signed these Articles of Incorporation on this 21^st day of October, 1993.

 

Vicki L. Byrnes

Incorporator

 

 

Note: Filed in Office of State Corporation Commission on November 22, 1993