ARTICLES OF INCORPORATION OF
ARTICLES OF INCORPORATION
OF
ROUND_TRADE LAKE IMPROVEMENT ASSOCIATION, INC.
Article I
The name of the corporation shall me “Round-Trade Lake Improvement Association, Inc.”, and the location of its registered office thereof shall be in the Township of Trade Lake, Burnett County, Route 2, Grantsburg, Wisconsin 55840.
Article II
The purpose of the corporation are to encourage the improvement of the lake and river areas and the conservation thereof; to associate with the other lake improvement associations; to do any and all acts necessary or desirable in the furtherance of the foregoing purposes; to buy, sell, lease and otherwise deal in all kinds of property, real, personal and mixed, for furthering the foregoing purposes.
Article III
This corporation shall have no capital stock.
Article IV
No part of the property or income of the corporation shall inure to the benefit or be distributable to its members, directors, trustees, officers or other private persons except that 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 II hereof.
Notwithstanding any other provisions of these Articles, the corporation shall not carry on any activity not permitted to be carried on (a) by a corporation exempt from federal income tax under Section (c)(3) of the Internal Revenue Code of 1954 (or corresponding provisions of any future United States Internal Revenue Law) or (b) by a corporation, contributions to which are deductible under Section 170(c)(2) of the Internal Revenue Code of 1954 (or corresponding provisions of any future United States Internal Revenue Law).
Article V
Upon the dissolution of the corporation, the Board of Directors shall, after paying or making provisions for the payment of all liabilities of the corporation in such manner, distribute any remaining assets to like organizations having the same purpose as Article II hereof as the Board of Directors shall determine. Any of such assets not so disposed of shall be disposed by order of the District Court of Burnett County, Wisconsin, exclusively for the purposes of Article II hereof or to such organizations which are organized and operated exclusively for such purposes, as said Court shall determine.
Article VI
Neither the members, directors, trustees, or officers of the corporation shall be personally liable for any obligation of the corporation of any nature whatsoever, nor shall any of the property of any member or officer of the corporation be subject to payment of obligations of the corporation to any extent whatsoever.
Article VII
The name and post office address of each of the incorporators is:
Joseph F Lupo Jr.
Rt 1, Box 145
Frederic Wisconsin 54837
Mary E Turek
Rt 2, Box 295
Grantsburg Wisconsin 54840
Norma G Tyler
Rt 1, Box 157A
Luck Wisconsin 54853
Article VIII
The qualifications and conditions of membership, the limitations, if any, upon the number of members, and the conditions of termination of membership shall be provided for in the by-laws. Annual dues required to be paid by members shall be in the amount as shall be determined by the membership.
Article IX
The management of this corporation shall be vested in a Board of Directors. The terms of office of the Directors, other than the members of the first Board of Directors, and the method by which they shall be appointed shall be fixed by the by-laws and may be altered by amending the by-laws.
The number of directors constituting the first Board of Directors shall be seven (7). The name and post office address of each of the directors is;
Bob Plum
Rt 1
Luck Wisconsin 54835
Norma Tyler
Rt 1
Luck Wisconsin 54853
Joe Lupo Jr.
Rt 1
Frederic Wisconsin 54837
Dick Moen
Rt 1
Luck Wisconsin 54853
Mary Turek
Rt 2
Grantsburg Wisconsin 54840
Charlie Gronlund
Rt 1
Luck Wisconsin 54853
George Daellenbach
Rt 2
Grantsburg Wisconsin 54840
The term of office of the aforesaid directors shall be until the first annual meeting of the corporation, or until their successors are elected and qualify.
Article X
The corporation is to have perpetual existence.
Article XI
The membership shall adopt the by-laws for management of the corporation, and shall have the authority to amend the by-laws from time to time.
Article XII
These Articles of Incorporation may be amended by the membership of the corporation upon receiving a two thirds vote of the membership present and entitled to vote on the proposed amendment, as provided by the by-laws. Notice of the meeting and of the proposed amendment must be provided at least thirty (30) days prior to voting on the amendment.
IN WITNESS WHEREOF, the undersigned subscribe their names as the incorporators of the Round-Trade Lake Improvement Association, Inc. as aforesaid, and have affixed the seal of the Round-Trade Lake Improvement Association, Inc. hereto as of the _________day of _________, 1984.
_____________________________________________
Joseph F Lupo Jr.
_____________________________________________
Mary E Turek
______________________________________________
Norma G Tyler
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