KNOW ALL MEN BY THESE PRESENT:

That we, the undersigned, have this day associated ourselves together for the purpose of forming a corporation under the laws and the State of California, as a non-profit corporation under the provisions of Part 1 of Division 2, Title 1, of the Corporations Code, as set forth in its Articles of Incorporation;

FIRST: that the name of the corporation is:

BEVERLY GLEN PARK HOMEOWNER’S ASSOCIATION, INC.

SECOND: That the specific and primary purposes for which this corporation is formed are:

To provide a means of administering a Condominium Project to be built on that certain real property in the County of Los Angeles, State of California, generally known and described as:

and, any additions thereto as may hereafter be brought within the jurisdiction of this Association by annexation, as provided in Article Four herein, and to promote the health, safety and welfare of the residents within said real property and the additions annexed thereto, all in accordance with provisions of the Declaration of Covenants, Conditions and Restrictions, recorded or to be recoded affecting said Condominium Project on said described real property.

In addition to the primary purposes, the corporation shall have the following general purposes or powers:

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The foregoing statement of purposes shall be construed as a statement of both purposes and powers, and the purposes and powers stated in each clause shall not, except where otherwise expressed, be construed as a limitation upon the general purposes for which this corporation is formed, but shall be regarded as independent purposes and powers. Notwithstanding any contrary provision herein, no part of the activities of this corporation shall consist in carrying on propaganda or otherwise attempting to influence legislation, and the carrying on by this corporation at a profit of any business hereinabove recited as a purpose of this corporation shall be merely incidental to and in furtherance of the general community betterment and recreational purposes for which this corporation is formed.

2

THAT THIS CORPORATION DOES NOT CONTEMPLATE PECUNIARY GAIN OR PROFIT TO THE MEMBERS THEREOF, AND THAT THE FUNDS OF THIS CORPORATION, WHETHER RECEIVED BY GIFT OR OTHERWISE AND REGARDLESS OF THE SOURCE THEREOF, SHALL BE USED EXCLUSIVELY IN THE PROMOTION OF THE BUSINESS OF THE CORPORATION, AS THE BOARD OF DIRECOTRS MAY FROM TIME TO TIME DETERMINE.

THIRD: Every person or entity who is a record owner of a condominium which is subject by covenants or record to assessment by Association, including contract sellers, shall be eligible to be a member of the Association. The foregoing is not intended to include persons or entities who hold an interest merely as security for the performance of an obligation. No owner shall have more than one membership. Membership shall be appurtenant to and may not be separated from ownership of any condominium, which is subject to assessment by the Association. Ownership of such condominium shall be the sole qualification for membership.

FOURTH: The Association may at any time and from time to time annex additional property to the property described in Article Second, and so add to its membership under the provisions of Article Third, provided that such annexations are made only in accordance with the provisions of the recorded Declaration of Covenants, Conditions and Restrictions and amendments thereto, if any, applicable to the property described in Article Second hereof. Such additions, when properly made under the applicable covenants, shall extend the jurisdiction, function duties and membership of this Association to such property. Where the applicable covenants require that certain additions be approved, such approval must have the assent of three-fourths (3/4) majority of the voting power of the membership, excluding the vote, by proxy or otherwise, of Declarant and members of its organization who executed such Declaration.

FIFTH: That the County in the State of California, where the principal office for the transaction of the business of this corporation is to be located is Los Angeles County.

SIXTH: That the number of directors of this corporation shall be five (5) and said number may be changed by a duly adopted amendment to the By-Laws, except that in no event may the number of directors be less than five (5) without amendment of the Articles of Incorporation.

The names and addresses of the persons who are appointed to act as the first directors and the Executive Board of this corporation, and to continue to act as such directors and the Executive Board until the election and qualification of their successors, are as follows:

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NAMES ADDRESSES

Jerome Snyder 1100 Glendon Ave., Suite 1200

Los Angeles, CA 90024

Russell Kubovec 1100 Glendon Ave., Suite 1200

Los Angeles, CA 90024

Charles B. Metcalfe, Jr. 1100 Glendon Ave., Suite 1200

Los Angeles, CA 90024

Albert Markoff 1100 Glendon Ave., Suite 1200

Los Angeles, CA 90024

Willard H. Spiegel 1100 Glendon Ave., Suite 1200

Los Angeles, CA 90024

SEVENTH: That the voting and other rights and privileges of the membership are to be set forth and provisions therefore made in the By-Laws of this corporation and the By-Laws are to set forth and make provisions for the election and the term of office of the Board of Directors.

EIGHTH: That this corporation is organized pursuant to the General Non-profit Corporation Law and does not contemplate pecuniary gain or profit to the members thereof and no part of the earnings of which is to inure to the benefit of any member or individual, except as provided in Article Ninth.

NINTH: In the event of the dissolution, liquidation or winding up of this corporation for any reason whatsoever, the directors of persons in charge of the liquidation shall divide any remaining assets among the members in accordance with their respective rights therein.

TENTH: The private property of the members shall not be subject to the payment of corporate debts.

The general management of the affairs of this corporation shall be under the control, supervision and direction of the Board of Directors.

This corporation reserves the right to amend, alter, change or repeal any provisions contained in these Articles of Incorporation in the manner now or hereafter prescribed in Title 1, Division 1, Part 8, Chapter 1 of the Corporations Code and all rights conferred upon members herein are granted subject to this reservation.

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ELEVENTH: The Association shall exist perpetually.

IN WITNESS WHEREOF, we have hereunto set our hands and seals this 17^th day of February, 1970.

____________________

JEROME SNYDER

____________________

RUSSELL KUBOVEC

____________________

CHARLES B. METCALFE, JR.

____________________

ALBERT MARKOFF

____________________

WILLARD H. SPIEGEL

STATE OF CALIFORNIA )

)

COUNTY OF LOS ANGELES )

On this 17^th day of February, 1970, before me Ursula T. Fitzgerald, a Notary Public in and for Los Angeles County, State of California, residing therein duly commissioned and sworn, personally appeared Jerome Snyder, Russell Kubovec, Charles B. Mecalfe, Jr., Albert Markoff, and Willard H. Spiegel personally known to me to be the said persons whose names are subscribed to the foregoing Articles of Incorporation as Incorporators and who are also named therein as Directors, and who acknowledged to me that they executed the said instrument.

IN WITNESS WHEREOF, I have hereunto affixed my hand and official seal this 17^th day of February, 1970.

Notary Public in and for the County

of Los Angeles, State of California

My commission expires Aug. 19, 1973

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