SW6170202_Recorded Document_20240109 (2)

SOS1D: 1647921
Date Filed: 12/22/2017 11:46:00 AM
Elaine F. Marshall
North Carolina Secretary of State
ARTICLES OF INCORPORATION C2017 356 00192
OF
BEDFORD COMMERCIAL OWNERS ASSOCIATION, INC.
In compliance with the requirements of Chapter 55A of the General Statutes of North
Carolina, the undersigned, who is a resident of Cumberland County, North Carolina, and who is
of full age does hereby make and acknowledge these Articles of Incorporation for the purpose of
forming a corporation not for profit and does hereby certify:
1. Name. The name of the Corporation is hereinafter called Bedford Commercial
Owners Association, Inc.
2. Duration. The period of duration of the Corporation shall be perpetual.
3. Principal/Registered Office. The principal and initial registered office of the
Corporation is located at 2401 Robeson Street, Fayetteville, Cumberland County,North Carolina,
28305, and the name of the initial registered agent of the Corporation at such address is Rebecca
F. Person.
4. Powers. The Corporation does not contemplate pecuniary gain or profit to the
members thereof. The Corporation shall have all of the powers set forth in Chapter 55A of the
North Carolina General Statutes, including, but not by way of limitation, the power to:
A. To exercise all of the powers and privileges and to perform all of the duties and
obligations of the Corporation set forth in that certain Declaration of Covenants, Conditions and
Restrictions for BEDFORD COMMERCIAL WEST, hereinafter called the "Declaration",
applicable to all of the property herein described which is recorded or will be recorded in the Office
of the Register of Deeds of Hoke County,North Carolina, and as the same may be amended from
time to time as therein provided,said Declaration being incorporated herein as if set forth at length;
B. To fix, levy, collect and enforce payment by any lawful means, all charges or
assessments pursuant to the terms of the Declaration; to pay all expenses in connection therewith
and all office and other expenses incident to the conduct of the business of the Corporation,
including all licenses,taxes or governmental charges levied or imposed against the property of the
Corporation.
C. To acquire (by gift, purchase or otherwise), own, hold, improve, build upon,
operate, maintain, convey, sell, lease, transfer, dedicate for public use or otherwise dispose of real
or personal property in connection with the affairs of the Corporation;
D. To borrow money, mortgage, pledge, deed in trust, or hypothecate any or all of its
real or personal property as security for money borrowed or debts incurred;
E. To dedicate,sell or transfer all or any part of the common area to any public agency,

authority or utility for such purposes and subject to such conditions as may be agreed to by the
members.
F. To participate in mergers and consolidations with other non-profit corporations
organized for the same purposes;
G. To annex additional properties as provided in the Declaration; and
H. To have and to exercise any and all powers, rights and privileges which a
corporation organized under the Non-Profit Corporation Law of the State of North Carolina by
law may now or hereafter have or exercise.
5. Membership. The Corporation will have members with such rights, powers and
privileges as provided in the Declaration and bylaws.
6. Board of Directors. The affairs of the Corporation shall be managed by a Board of
Directors, consisting of not less than three (3) nor more than five(5) Directors.
7. Dissolution. The Corporation may be dissolved with the assent given in writing
and signed by not less than two-thirds (2/3) of each class of members. Upon dissolution of the
Corporation, other than incident to a merger or consolidation, the assets of the Corporation shall
be dedicated to an appropriate public agency to be used for purposes similar to those for which
this Corporation was created; said purposes shall include maintenance of any common area for
which the Corporation is responsible. In the event that such dedication is refused acceptance,
such assets shall be granted, conveyed and assigned to any non-profit corporation, association,
trust or other organization to be devoted to such similar purposes; said purposes shall include
maintenance of any common area for which the Corporation is responsible
8. Incorporator. The name and address of the incorporator of this Corporation is:
Rebecca F. Person, 2401 Robeson Street, Fayetteville, N.C. 28305.
These Articles will become effective upon filing.
IN WITNESS WHEREOF, for the purpose of forming this Corporation under the laws of
the State of North Carolina, I, the undersigned, being the incorporator of this Corporation, have
executed these Articles of Incorporation, this 1Ph day of May, 2017.
Rebecca F. Person, Incorporator
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