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Castlebury Ct/FP-CS 990505 2i4 .~,,-~ ~.l -\:.:::-tm :.'- ~;d C,':...:':.cl,..:. May 5, 1999 \\"r~:crs l)~rt'ct D,al N:.mbcr (btl'cr O::~. '.'-  .-\ il ', t i Il '>14-939-5420_ ~ ~.com Fred Phillips The Ryl~d Group 12200 Ford Road, Suite 400 Dallas, Texas 75234 Re: Castlebuo, Homeox~-mers' Association Documents De~ Fred: Pursuant to your request, enclosed please find the following documents in connection with the above-referenced subdivision: 1. Articles of Incorporation 2. Written Consent of Directors 3. Bylaws 4. Declaration of Covenants, Conditions & Restrictions Please review these documents and make any necessary revisions and return them to me for further processing. Bob Feroze is simultaneously reviewing these documents and I will advise you of any other necessary revisions pursuant to his examination. As always, if you need any additional assistance please do not hesitate to call. Sincerely, Carolyn Glover Legal Assistant Attachments cc: Mark Gaines (w/attach.) Bob Feroze (w/attach.) :\ Rc.m,.:crcd Lin, trod L~abil~Lx Parmctsh~p l:~:i::chn.,.2' I'h'c. ics~mn.d Co;'p~>ralmn~ 010132.00052:0432969.01 &LUCE HUGHES .... :J1 -, - ']cx?~ -=-'-' I .LI.P .'..::,::"e~.- ~,'d Cc..:~-c'.c,r~ May 5, 1999 214-939-5420 gloverc,.~'.hughesluce.com t, s t :n VIA HAND DELIVERY Fred Phillips The Ryland Group 12200 Ford Road, Suite 400 Dallas, Iexas 75234 Re: Castlebury Homeowners' Association Documents Dear Fred: Pursuant to )'our request, enclosed please find the following documents in connection with the above-referenced subdivision: 1. Articles of Incorporation 2. Written Consent of Directors 3. Bylaws 4. Declaration of Covenants, Conditions & Restrictions Please review these documents and make any necessary revisions and return them to me for further processing. Bob Feroze is simultaneously reviewing these documents and I will advise you of any other necessary revisions pursuant to his examination. As always, if you need any additional assistance please do not hesitate to call. Sincerely, Carolyn Glover Legal Assistant Attachments cc: Mark Gaines (w/attach.) Bob Feroze (w/attach.) A Registered i. imitcd L,al-:h:y [)artncrsh~? !ncladmg ?:'o[css,(:,:~2i O l 0132.00052:0432969.01 ARTICLES OF INCORPORATION OF CASTLEBURY HOMEOWNERS' ASSOCIATION, INC. The undersigned natural person of the age of eighteen (18) years or more, a citizen of the State of Texas, acting as incorporator of a corporation under the Texas Non-Profit Corporation Act, hereby adopts the following Articles of Incorporation for such corporation: ARTICLE I The name of the corporation is CASTLEBURY HOMEOX¥~ERS' ASSOCIATION. INC., hereinafter sometimes called the "Association." ARTICLE II The Association is a nonprofit corporation. ARTICLE III The period of its duration is perpetual. ARTICLE IV The purposes for which the Association is organized are to administer the DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR CASTLEBURY, filed or to be filed for record in the Official Public Records of Real Property of Dallas County, Texas, as same may be amended from time to time ("the Declaration"), which affects Castlebury, a residential development in Dallas County, Texas ("Subdivision"), and reference being hereby made thereto for all purposes; to provide for the acquisition, construction, management, maintenance, operation and care of property as provided in the Declaration and, in general, to promote and foster civic pride and high standards of property ownership, development and maintenance in the Subdivision and any addition or additions thereto as ma3-' hereafter be brought within the jurisdiction of the Association, and for such purposes to: (a) perform all of the duties and obligations of the Association as set forth in the Declaratiom which the Association is not precluded by lax',, to exercise and perform; and (b) cause to be enforced (i) the restrictions and covenants imposed upon all or part of the Subdivision by the Declaration, and (ii) the restrictions and covenants, if any, legally imposed hereafter upon the Subdivision by deed or otherwise; and (c) to acquire (by gift, deed, lease or otherwise), ovm, hold, improve, operate, maintain, sell, lease, convey, dedicate for public use, otherwise dispose of and/or alienate 010132.00052:0432701.01 real and personal property as the Association may deem necessary or appropriate and/or as provided in the Declaration; (d) to borrow money, and mortgage, pledge or othenvise encumber, alienate or hypothecate any or all of its real or personal property as security for money borrowed or debts incurred to conduct the lawful affairs of the Association; (e) to have and exercise any and all powers, rights and privileges which a corporation organized and existing under the Texas Non-Profit Corporation Act may by law now or hereafter have and exercise; PROVIDED, HOWEVER, any of the foregoing provisions of this Article IV to the contrary notwithstanding, the Association is organized and shall be operated exclusively for civic and community sen, ice and other nonprofit purposes, and no part of any net earnings or other assets of this Association shall inure to the benefit of any Member of the Association or any owner in the Subdivision. ARTICLE V The street address of the initial registered office of the Association is Three Metro Square, 12200 Ford Road, Suite 400, Dallas, Texas 75234, and the name of its initial registered agent at such address is Fred Phillips. ARTICLE VI The number of directors constituting the initial Board of Directors is three (3), and the names and addresses of the persons who are to sen'e as the initial directors are: NAME ADDRESS Fred Phillips Three Metro Square, 12200 Ford Road, Suite 400 Dallas, Texas 75234 MarkGaines Three Metro Square, 12200 Ford Road, Suite 400 Dallas, Texas 75234 Tim Litinas Three Metro Square, 12200 Ford Road, Suite 400 Dallas, Texas 75234 010132.00052:0432701.01 ARTICLE VII The name and street address of the incorporator is: NAME ADDRESS Fred Phillips Three Metro Square 12200 Ford Road, Suite 400 Dallas, Texas 75234 ARTICLE VIII A. Every person who is a record owner of a fee or undivided fee interest in any lot within the Subdivision shall be a member of the Association (a "Member"). The foregoing is not intended to include persons or entities who hold an interest merely as security for the performance of any obligation. Membership shall be appurtenant to and may not be separate from ownership of any lot that is subject to assessment by the Association. Ownership of such lot shall be the sole qualification for Membership. B. The Association shall have two classes of voting membership: Class A. Except as provided below for "Class B" members, each owner of a lot shall be a Class A member. Each Class A member shall be entitled to one vote for each lot in which such member holds a fee or undivided fee interest, but in no event shall more than one vote be cast with respect to any lot. Class B. Declarant (as said term is defined in the Declaration) shall be the sole Class B member and shall be entitled to five votes for each lot owned by the Declarant. ARTICLE IX The conditions and regulations of membership in the Association shall be determined and fixed by these Articles of Incorporation and by the Bylaws; PROVIDED, HOWEVER, that no part of the net earnings of the Association shall ever be distributed or shall otherwise inure to the benefit of any Member of the Association (or any ovmer in the Subdivision); and FURTHER, PROVIDED, that in the event of the liquidation, dissolution or winding up of the Association. whether voluntary or involuntary, the directors shall dispose of all property and assets of the Association, including, without limitation, all undistributed income earned thereon, after the payment, satisfaction and discharge of all liabilities and obligations of the Association, or the making of adequate provision therefor in such manner as they, in the exercise of their absolute discretion, and by majority vote, shall determine; however, such disposition shall be exclusively in the furtherance of the purposes for which the Association is formed, and the property and the assets of the Association shall not accrue to the benefit of any officer, director, Member, or any individual having a personal or private interest in the affairs of the Association or any organization which engages in any activity in which the Association is precluded from engaging. 010132.00052:0432701.01 ARTICLE X No director of the Association shall be liable to the Association or its Members for monetaw damages for an act or omission in the director's capacity as a director, except that this Article does not eliminate or limit the liability of a director for (i) a breach of a director's duty of loyalty to the Association or its Members; (ii) an act or omission not in good faith or that involves intentional misconduct or a knowing violation of the law; (iii) a transaction from which a director received an improper benefit, whether or not the benefit resulted from an action taken within the scope of the director's office; or (iv) an act or omission for which the liability of a director is expressly provided for by statute. If the Texas Miscellaneous Corporation Laws Act or any other statute is amended subsequently to the filing of these Articles of Incorporation to authorize corporate action further eliminating or limiting the personal liability of directors, then the liability of a director of the Association shall be eliminated or limited to the full extent permitted by such statute, as so amended. Any repeal or modification of the foregoing paragraph by the Members of the Association shall not adversely affect any right or protection of a director of the Association existing at the time of such repeal or modification. IN WITNESS WHEREOF, I have set my hand this __ day of .1999. Fred Phillips, incorporator 010132.00052:0432701.01