ARTICLE IV
PURPOSES
The purposes for which this Corporation is organized are:
- To own, acquire, operate and maintain, without profit to itself, community, social and recreation centers, community parks, community parking areas, and/or other property and facilities for the exclusive use and benefit of its members and their assignees, transferees, licensees and invitees and of occupants of residential units owned by members, and in furtherance of such purposes:
- To acquire by deed, devise, bequest, purchase, gift or otherwise, any real or personal property; and
- To hold, invest, reinvest, manage and dispose of such property and/or income therefrom in any manner consistent with the laws of the State of Oregon governing corporations organized pursuant to the Oregon Nonprofit Corporation Act.
- To enforce the conditions, restrictions, covenants, charges and assessments provided for and defined in the Declaration of Conditions, Covenants and Restrictions for the Corporation, as it currently exists, or as it may be restated, amended or modified from time to time, with respect to residential units within the geographic boundaries of the King City Civic Association.
- To foster among the members of the Corporation a spirit of community pride and responsibility, and to provide a forum for the discussion of community concerns and a means for concerted action in order to solve community problems.
- To engage in any lawful activity for which corporations may be organized under the Oregon Nonprofit Corporation Act.