Expansion Manual
INCORPORATION OF THE FARMHOUSE ASSOCIATION
State statutes governing non-profit organizations usually provide
for a simple form for the articles of incorporation and leave
the method of carrying on corporation activities to be provided
in the by-laws of the corporation. Most of the information required
for the articles of incorporation on such a form can be found
within the by-laws of the organization seeking incorporation.
Therefore, a sample set of by-laws for a FarmHouse Association
is included in this manual to be used as a guide or starting
point for developing your own Association's by-laws. Due to
lack of uniformity among the different states' statutes (and
forms) governing incorporation of non-profit organizations,
only a general treatment of what is expected in the articles
of incorporation is offered here. However, you can probably
expect the Secretary of State to ask for some or all of the
following information: (not in any particular order)
1) the purpose or purposes for which the
corporation is organized
2) a statement that the corporation is not
formed to make a profit or peculiarly gain (and perhaps that
is organized without stock)
3) no part of the corporation's net income
shall inure to any member or individual
4) the duration of the corporation - whether
"perpetual" or for a certain period of time (A FarmHouse
Association should be perpetual)
5) that the powers of the non-profit corporation
are to be exercised by a governing body called either a Board
of Directors or a Board of Trustees (Some state statues require
a vote of the membership before the Board can purchase, sell,
or lease property or amend its charter)
6) the names and addresses of the original
members of the Boards of Directors. The form may also require
a provision that subsequent members of the Boards will be elected
by the general membership of the corporation.
7) a statement that there will be an annual
meeting of the members of the corporation
8) the title of the corporation must indicate
that is a corporation (for example, Texas FarmHouse Association,
Inc. Vs Texas FarmHouse Association)
9) the street address of the initial registered
office of the corporation and name of its initial registered
agent (this should be one of the incorporators and his home
address)
10) the name and address of each incorporator
Note: The incorporators of the FarmHouse Association do not
have to be its initial Boards of Directors. However, the initial
Board of Directors and the incorporators, can be, and often
are, the same men.
11) a statement of who makes up the membership
of the corporation
12) a dissolution statement
13) the signatures of all the incorporators
witnessed and acknowledged by a notary public.
Just as all of the above information may
not be required in your articles of incorporation, neither may
the above list be inclusive of all the information required
when your association applies for incorporation. If you have
any doubts as to whether or not you have met all of the requirements
for incorporation, you may wish to hire an attorney, or enlist
the services of an attorney from among the FarmHouse membership
in your state, to assist you. Whether you use an attorney's
help or not, one of the best things you can do is ask to see
the articles of incorporation issued to other fraternity housing
corporations at your university.
If you do solicit the service of an attorney,
you may be able to save him some time (and yourself some money)
if you give him the following list of questions to consider:
1) Is the corporation one governed by a general statute relating
to non-profit corporations?
2) In the absence of a general statute, or
in addition to such a general statute, is the corporation to
be created governed by a statute governing fraternal corporations?
(For example, a Washington statute governs Fraternal Building
Corporations)
3) Does the governing statute require approval
of the corporate charter by a court or by some state officer
or board?
4) Are there any statutory provisions governing
corporations in general which are equally applicable to non-profit
corporations? (Some statues provide that non-profit corporations
shall be covered by the act relating to corporations generally
except as specifically otherwise provided.)