policy_documents:articles_of_incorporation:articles_of_incorporation
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policy_documents:articles_of_incorporation:articles_of_incorporation [2019/03/09 08:12] – president | policy_documents:articles_of_incorporation:articles_of_incorporation [2020/01/10 12:41] (current) – itadmin | ||
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+ | ===== The MSU SHC Articles of Incorporation ===== | ||
+ | |||
==== Article I. Name ==== | ==== Article I. Name ==== | ||
The name of the corporation is MSU Student Housing Cooperative, | The name of the corporation is MSU Student Housing Cooperative, | ||
Line 7: | Line 9: | ||
The purpose or purposes for which the corporation is formed are as follows: | The purpose or purposes for which the corporation is formed are as follows: | ||
- | *A. The MSU Student Housing Cooperative, | + | |
- | *lol | + | |
- | *lol | + | |
- | *lol | + | |
+ | - **d.** To initiate, coordinate, direct, and otherwise participate in educational efforts and programs for the education of its members and others. | ||
+ | - **e.**(Deleted by amendment, December 3, 1971.) | ||
- | a. To promote the social and general welfare of Michigan State University and the community, by offering low rent housing and other services, regardless of age, color, gender, gender identity, disability status, height, marital status, national origin, political persuasion, race, religion, sexual orientation, | ||
- | To advance | + | - **B.** |
+ | - **a.** Own, lease, and operate dormitories, | ||
+ | - **b.** Do all things expedient and necessary for the furtherance | ||
- | To be inclusive | + | - **C.**This corporation may not engage in, otherwise than as an insubstantial part of its activities, any activities which are not in furtherance of its tax exempt purposes. |
- | To initiate, coordinate, direct, and otherwise participate in educational efforts and programs for the education of its members and others. | + | (As Restated April 1, 2002) The corporation is organized on a non-stock basis. |
- | (Deleted by amendment, December 3, 1971.) | + | ---- |
+ | ==== Article III. Assets ==== | ||
+ | If organized on a non stock basis, the description and value of its real property assets are: | ||
- | B. To further the primary purpose | + | | ^ Name of Cooperative House ^ Address of House ^ City Assessed value as of May 13, 2002 In Dollars ^ |
+ | ^ 1 | Atlantis | ||
+ | ^ 2 | Bower | 127 Whitehills | ||
+ | ^ 3 | Elsworth | ||
+ | ^ 4 | Ferency | ||
+ | ^ 5 | Hedrick | ||
+ | ^ 6 | lot | 711 W Grand River |29, | ||
+ | ^ 7 | Miles | 152 Collingwood | ||
+ | ^ 8 | Orion | 501 M.A.C. | ||
+ | ^ 9 | Phoenix | ||
+ | ^ 10 | Raft Hill | 420 Evergreen | ||
+ | ^ 11 | Shadowwood | ||
+ | ^ 12 | Toad Lane & New Community | 415 & 425 Ann |184, | ||
+ | ^ | ||
+ | and the description of its personal property assets are: $10,000 office equipment. | ||
+ | (The valuation of the above assets was as of May 13, 2002)\\ | ||
- | Own, lease, | + | Said corporation is to be financed under the following general plan: |
+ | By the collection of such membership fees as shall be provided in the By-Laws; by contributions | ||
- | Do all things expedient and necessary for the furtherance of the primary purposes of the organization. | + | The corporation is organized on a membership basis. |
- | C. This corporation | + | ---- |
+ | |||
+ | ==== Article IV. Registered Office ==== | ||
+ | |||
+ | (As Restated April 1, 2002) The address of the registered office is:\\ | ||
+ | |||
+ | 317 Student Services Building, Michigan State University, East Lansing, Ingham County, Michigan 48824.\\ | ||
+ | |||
+ | The name of the resident agent is Joan Bulmer.\\ | ||
+ | |||
+ | (Deleted April 1, 2002) The name of the first resident agent is Orion Ulrey.\\ | ||
+ | |||
+ | ---- | ||
+ | |||
+ | ==== Article V. Organization ==== | ||
+ | |||
+ | Said corporation is organized upon a non-stock basis. | ||
+ | |||
+ | (As amended October 28, 1977) All membership dues are to be retained by the corporation as contributions of capital, and shall be fully refundable to each member upon dissolution of the corporation. | ||
+ | |||
+ | ---- | ||
+ | |||
+ | ==== Article VI. Incorporators ==== | ||
+ | |||
+ | The names and places of residence, or business, of each of the incorporators (and if a corporation is organized upon a stock-share basis the number of shares of stock subscribed for by each) are as follows: | ||
+ | |||
+ | ^ Name ^ Residence Address | ||
+ | | William Barker | ||
+ | | Marc Butler | ||
+ | | James Landau | ||
+ | |||
+ | ---- | ||
+ | |||
+ | ==== Article VII. Board of Directors ==== | ||
+ | |||
+ | The names and addresses of the first board of directors (or trustees) are as follows: | ||
+ | |||
+ | ^ Name ^ Residence Address | ||
+ | | Geoffrey Gates | 711 W. Grand River Ave., East Lansing MI 48823 | | ||
+ | | William Barker | ||
+ | | Richard Baker | 140 Haslet St., East Lansing MI 48823 | | ||
+ | | John Aubrey | ||
+ | | Gregory Martin | ||
+ | |||
+ | ---- | ||
+ | |||
+ | ==== Article VIII. Term ==== | ||
+ | |||
+ | The term of the corporate existence is perpetual. | ||
+ | |||
+ | ---- | ||
+ | |||
+ | ==== Article IX. Dissolution ==== | ||
+ | |||
+ | The term of the corporate existence is perpetual. | ||
+ | |||
+ | - **A.** The mode of procedure and the manner in which the business and affairs of this corporation | ||
+ | |||
+ | - **B.** (As amended October 28, 1977) None of the corporation assets shall accrue or inure to the benefit of any member upon dissolution of the corporation, | ||
+ | |||
+ | - **C.** (As amended December 3, 1971) In the event of dissolution, | ||
+ | |||
+ | - **D.** This article shall not be amended other than by a vote of two-thirds (2/3) of the members in good standing of said corporation at a regular or special membership meeting. Said votes shall be in person and not by proxy, and shall be held at polling places as may be designated by the board of directors. | ||
+ | |||
+ | (Added by amendment July 19, 1977) | ||
+ | |||
+ | ---- | ||
+ | |||
+ | ==== Article X. ==== | ||
+ | |||
+ | (Added by amendment July 19, 1977) | ||
+ | |||
+ | The corporation shall not sell, mortgage, or assign any real estate without the prior vote of a majority of the member occupants of the real estate to be sold, mortgaged, or assigned. Further, each house (as defined in the By Laws) has the responsibility to care, manage, and control their property. This authority may be revoked by the MSU Student Housing Corporation in the event there occurs waste to the premises or impairment to the capital of the MSU Student Housing Corporation. | ||
+ | |||
+ | ---- | ||
+ | |||
+ | ==== Article XI. Cooperative Plan ==== | ||
+ | |||
+ | (As Restated April 1, 2002) | ||
+ | |||
+ | The cooperative plan is set up as follows: Each member is entitled to on vote regardless of the number of shares or memberships owned. | ||
+ | |||
+ | ---- | ||
+ | \\ | ||
+ | ~~DISCUSSION~~ |
policy_documents/articles_of_incorporation/articles_of_incorporation.1552147932.txt.gz · Last modified: 2019/03/09 08:12 by president