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RIDGE VIEW COMMONS - CONSTRUCTION LOAN
City of Pleasanton
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RIDGE VIEW COMMONS - CONSTRUCTION LOAN
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1/31/2011 3:55:16 PM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
6/27/1988
LONG TERM AGREEMENTS - NAME
RIDGE VIEW COMMONS
LONG TERM AGREEMENTS - TYPE
MISC AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06 (Long Term Agreements)
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
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I <br />rental or other plans, as provided for in the National Housing <br />Act, as amended or other governmental programs for such <br />housing, whether federal, state or local. <br />The general purpose is to improve the living <br />environment of all the citizens of Alameda County, California <br />and to encourage the participation of local agencies, <br />individuals and industry in achieving this end. <br />III. DEDICATION AND DISSOLUTION <br />(a) The property of this Corporation is irrevocably <br />dedicated to charitable purposes and no part of the net income <br />or the assets of this organization shall ever inure to the <br />benefit of any director, officer, or member of this corporation <br />or to the benefit of any private individual. <br />(b) Upon the winding up and dissolution of this cor- <br />poration, and after paying or adequately providing for the <br />debts and obligations of the corporation, the remaining assets <br />shall be delivered to a nonprofit fund, foundation, or <br />corporation that is organized and operated exclusively for <br />charitable purposes which has established its tax exempt status <br />under Section 501(c)(3) of the Internal Revenue Code. <br />IV. LIMITATION OF CORPORATE ACTIVITIES <br />(a) This corporation is organized exclusively for <br />charitable purposes within the meaning of Section 501(c)(3) of <br />the Internal Revenue Code. Notwithstanding any other <br />provisions of these Articles, the corporation shall not carry <br />on any other activities not permitted to be carried on by: <br />-3- <br />
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