Directors HOA draft UNANIMOUS CONSENT OF DIRECTORS
IN LIEU OF THE ORGANIZATIONAL MEETING OF
THE BOARD OF DIRECTORS OF
ASBURY PLACE HOMEOWNERS ASSOCIATION, INC.
(A NON-PROFIT ASSOCIATION)
,1995
The undersigned, constituting the initial Board of Directors designated in the Articles of
Incorporation of ASBURY PLACE HOMEOWNERS ASSOCIATION, INC. I the "Association").
approved by the Secretary of State of the State of Texas and on file with the Secretary of State and
the Association. hereby consent to the adoption of the following resolutions, pursuant to the
provisions of Articles 1396-9.10 of the Texas Non-Profit Corporation Act:
1. Articles of Incorporation.
RESOLVED, that the Articles of Incorporation of the Association. as filed m~d approved by
the Secretary of State of the State of Texas on 1997. are approved and
accepted as the Articles of Incorporation hereof.
Directors.
RESOLVED, that the undersigned, being the persons named in the .aa'ticles of Incorporation
as the initial directors, accept appointment to such office and agree to serve as the directors
of the Association until the first annual meeting of the members of the Association (the
"Members"l and until their successors shall have been duly elected and qualified, or until
their earlier death, resignation, disqualification or removal from office.
3. Minute Book.
RESOLVED, that the Minute Book presented by the Secretary is approved and adopted, and
the Secretary is directed to insert in it the Certificate of Incorporation. the Articles of
Incorporation, the Bylaws, a cop3' of the Declaration of Covenants. Conditions and
Restrictions for Asburv Place. Coppell. Texas, as filed in the office of the County Clerk of
Dallas County. Texas. and all minutes of meetings of the Board of Directors and committees
thereof and of the Members of the Association.
4. Bylaws.
RESOLVED,that the Bylaws in the fom~ inserted by the Secretary in the corporate Minute
Book are adopted as the By'laws of the Association.
5. Seal.
RESOLVED, that the corporate seal is approved and adopted.
6. Officers.
RESOLVED.that the following persons are elected to the office or offices set forth below
opposite their names, to serve until the first annual meeting of the Board and until their
successors shall have been duly elected and qualified, or until their death, resignation.
disqualification or removal from office.
Name Office
President
SecretaD' and Treasurer
7. Fiscal Year.
RESOLVED,that the fiscal 3'ear of the Association shall begin on the first day of January
and end on the last day of December in each year: and that the proper officers are authorized.
empowered and directed, on behalf of the Association to keep the books of account and
financial records of the Association in accordance with such fiscal year.
8. Depository Resolutions.
RESOLVED,that a regular bank account in the name of the Association be opened in such
depositories as the executive officers of the Association shall from time to time designate.
wherein may be deposited any of fl~e funds of the Association and from which withdrawals
are hereby authorized in the name of the Association by the signature of any one (1) of the
executive officers or any person designated in writing by the executive officers.
RESOLVED FURTHER, that the Secretary or an Assistant Secretary, if any are appointed.
are authorized and directed to certify to such bank resolutions authorizing the opening of
such bank accounts in such form as said bank may customarily require, and any such
resolutions shall be deemed to be copied in these minutes as if set forth herein in full.
9. Incorporation Expenses.
RESOLVED, that the Treasurer is authorized and directed to pay out of the funds of the
Association all fees and expenses incurred incidental and necessary to the organization of the
Association.
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10. Enabling Authorization.
RESOLVED. that the officers are authorized and empowered in the name of. and on behalf
of. the Association. from time to time to do. negotiate, or renegotiate any and all matters in
connection with. or cause to be done all acts or things, and to execute and deliver all
instruments and documents, as shall be necessary, desirable or appropriate to cam' out the
purposes and intents of the foregoing resolutions, and an,,' modifications, amendments or
rearrangements thereof, as they deem to be in the best interest of the Association.
EXECUTED to be effective as of the date first above written.
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