( FORMAT TO BE USED IN SUBMITTING PROPOSED CHARTER )
OF THE
OCEAN HILLS Racquet CLUB
1. Name and Organization. The name of
this club is OCEAN HILLS
Racquet CLUB (the Club).
It is a component of Ocean Hills Social Clubs (the
Corporation), a non- profit mutual
benefit corporation of the State of California (Federal Tax Identification
#33-0383009). The Club has been
sanctioned by the Ocean Hills Country Club Homeowners Association (the
Association).
2. Membership. Membership in the Club is restricted to residents of Leisure Village Ocean Hills. Membership shall be open to all such residents subject only to the payment of dues set by the Club's Board of Directors.
3. Function and Purpose. The Club shall assist the
Corporation in serving the recreational, entertainment, and educational needs
of the community of Leisure Village Ocean Hills. Specifically, the purpose of
the Club will be:
to develop
and encourage tennis, paddle tennis and table tennis.
4. Funds. The Club shall abide by the limitations on
funds and assets prescribed by the Corporation/Association.
5. Capital Expenditures. Purchase of property of
equipment that costs in excess of $1,000 shall be reported to the Board of
Directors of the Ocean Hills Country Club Homeowners Association, and all
property so acquired shall be the property of the Association.
6. Reports and Returns. The Club shall make such
reports of its assets, liabilities, receipts, and disbursements, and such other
data pertaining to its operations, as are prescribed by the Corpo ration; it
shall assist the Corporation's accountants and auditors in the submission of
data for tax returns and financial reports; and it shall remit to the
Corporation. any taxes that may become payable by reason of its activities and
its pro rata share, determined by the Corporation of expenses incurred in the
preparation and processing of the foregoing.