Governing document

Articles of Incorporation of Tiger Island Owners Association, Inc.

A non-profit corporation, filed January 10, 1990

The undersigned, desiring to form a corporation not for profit under the laws of the State of Florida, hereby adopts the following Articles of Incorporation.

Article I — Name

The name of the corporation is Tiger Island Owners Association, Inc.

Article II — Term of Existence

The period of duration of the corporation is perpetual, unless dissolved according to law.

Article III — Purpose

The purposes for which this corporation is organized are the following:

• To maintain certain real estate property in Levy County, Florida to be used as private roads (the "Road System") serving a private real estate development known as "Tiger Island Sportsman's Club" (the "Development").
• To provide for the perpetual maintenance, repair and upkeep of the Road System for the benefit of the several property owners of the Development.
• To provide such other services and common maintenance, care and upkeep of the Development, including common areas, recreational facilities, private utilities, and any other common facilities which may be part of the Development, as determined from time to time by vote of a majority of the property owners within the Development.

Article IV — Powers

In carrying out its purposes, the corporation shall have all corporate powers now or hereafter provided by the laws of the State of Florida, including, but not limited to:

• The purchase, ownership, maintenance, control, sale, lease, mortgaging, encumbering or otherwise dealing in any manner with real and personal property of every type, kind and nature.
• The employment, direction and discharge of personnel necessary to carry out the purposes herein stated.
• To do any and all things necessary, incidental, or desirable to accomplish any and all of the purposes and objectives for which the corporation is organized, either alone or in association with other corporations, firms or individuals, and to carry on any lawful activity necessary or incidental to the accomplishment of those purposes and objectives.
• To make and collect assessments against property owners in the Development and use the proceeds in the exercise of its powers and duties, including, but not limited to, defraying the costs and expenses of carrying out its purposes.
• To maintain, repair, replace and operate property owned by it, purchase insurance thereon, and to make and adopt reasonable regulations respecting the use and appearance of the Road System and other property owned or controlled by the corporation, and to enforce by all legal means the provisions of these articles of incorporation and any by-laws or regulations adopted pursuant hereto.

The foregoing enumeration of powers shall in no way be construed to limit or restrict in any manner the powers of the corporation as may otherwise be provided or granted by law.

Article V — Membership

Membership in the corporation shall consist of those persons who, from time to time, own property in the Development, and who shall pay annual dues and are otherwise in good standing pursuant to the by-laws. Membership shall be an appurtenance to ownership of property in the Development.

Article VI — Registered Office and Agent

The initial registered office of the corporation is Route 10, Box 319, Lake City, Florida 32055. The name of its initial Registered Agent at such address is Joseph T. Clayton, Jr.

Article VII — Board of Directors

The corporation shall have a Board of Directors consisting of not less than three (3) nor more than nine (9) persons. The initial Board of Directors consists of three (3) members:

Article VIII — Organization Form

The corporation is organized upon a non-stock basis.

Article IX — Disposition of Assets Upon Dissolution

No part of the income of the corporation shall be distributable to its members, directors or officers, either during the existence of the corporation or upon its dissolution; provided, however, that upon dissolution the assets of the corporation shall be transferred to a successor entity, or to the then property owners in the Development, in such a manner as to assure that the Road System and all other property owned by the corporation for the benefit of property owners shall be used for the benefit of the several property owners in the Development.

Article X — Name and Address of Incorporator

Patten Corporation Gulf-Atlantic, a Delaware corporation qualified to do business in the State of Florida — Route 10, Box 318, Lake City, Florida 32055.

In witness whereof, the undersigned incorporator has caused these Articles of Incorporation to be executed, in duplicate, by its duly authorized officer this 10th day of January, 1990.