The name of this organization shall be known as the Spartan Housing Cooperative, Inc. henceforth referred to as the SHC.
The purpose of the SHC shall be to provide high-quality, low-cost, not-for-profit cooperative housing and educational opportunities to very low- to moderate-income people*, to promote the concept of cooperative living and to uphold the Rochdale Principles of Cooperation. *(Very low- to moderate-income as defined by HUD Standards for Lansing–East Lansing, MI MSA).
Section 1. All policies and directives established by these By-Laws, the Articles of Incorporation, valid membership referenda, regular all- membership meetings, valid decisions of the SHC Board of Directors and the Code of Operations shall be binding on the Corporation in the following descending order of supremacy: