The undersigned, desiring to form a nonprofit corporation under the laws of the State of Hawaii, certify as follows:
The Corporation is organized for the following specific purposes and powers:
To: (i) operate and manage the condominium project known as “WAIKIKI BANYAN” located in Honolulu, Hawaii; and (ii) transact any other lawful activities for nonprofit corporations permitted by law, all in compliance with Chapter 514A, Hawaii Revised Statutes, the Declaration, the By-Laws, and all other documents governing the project and its operation or management; and
To exercise all of the powers, rights, privileges and immunities conferred by law on nonprofit corporations.
The following persons shall act as the initial Directors of the Corporation until their successors are elected or appointed and qualified as provided for in the By-Laws:
The Officers of the Corporation shall be a President, a Vice President, a Secretary, and a Treasurer. The Board may appoint such other officers as it deems necessary. The Officers shall be elected or appointed at such times, in such manner, and for such terms as may be prescribed by the By-Laws. Any two or more offices may be held by the same individual, provided the Corporation shall have at least two individuals as officers.
The following persons shall act as the initial Officers of the Corporation until their successors are elected or appointed and qualified as provided in the By-Laws:
President: Maggie Walker
Vice President: Kenji lwasa
Secretary: Marjorie Bray
Treasurer: Shigeo Minamoto
All of the property of the Corporation shall be liable for the debts of the Corporation. The members, directors, officers and employees of the Corporation shall not be liable personally for the Corporation’s obligations, except to the extent they are subject to assessment under Chapter 514A, Hawaii Revised Statues, the Declaration, and the By-Laws. In accordance with Section 415B-1 58.5, Hawaii Revised Statues, the members of the Board shall not be liable to the Apartment Owners for any mistake of judgment or otherwise except for their own gross negligence or willful misconduct.
We certify, under the penalties of Section 41 SB-I 58 of the Hawaii Revised Statutes, that we have read the above statements and that they are true and correct.
Witness our hands this 8th day of August, 2000.