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reasonably necessary in order to accomplish any of the foregoing purposes, and to do and exercise all other powers and authority now or hereafter conferred upon nonprofit corporations under the laws of the State of Minnesota. ARTICLE III The Association is organized as a nonprofit corporation. The Association shall in no way, directly or indirectly, incidentally or otherwise, afford pecuniary gain to any of its members, directors, or officers, nor shall any part of the net earnings of the Association in any way inure to the private benefit of any such member, director, or officer of the Association, or to any private shareholder or individual within the meaning of Section 528(c)(1)(D) of the Internal Revenue Code, except that the Association shall be authorized to make reasonable allowance and payment for actual expenditures incurred or services rendered for or on behalf of the Association. No substantial part of the activities of the Association shall constitute the carrying on of propaganda or of attempting to influence legislation, and the Association shall not participate or intervene in any political campaign on behalf of any candidate for public office, nor shall the Association engage in any transaction or carryon any other activity not permitted to be carried on by a condominium management association exempt from federal income tax under Section 528 of the Internal Revenue Code (or the corresponding provision of any future United States Internal Revenue Law). ARTICLE IV The duration of this corporation shall be perpetual. ARTICLE V The registered office of this corporation shall be at 5201 East River Road, Suite 301, City of Fridley, County of Anoka, State of Minnesota, 55421. ARTICLE VI The name and address of the person forming this corporation is: Vade T. Anderson 3400 Multifoods Tower 33 South Sixth Street Minneapolis, Minnesota 55402 ARTICLE VII The membership of the Association shall consist of the owners (herein- after called the "Unit Owners") of the condominium apartments (hereinafter called the "Units") within Concordia Meadows, Ramsey County, Minnesota, as -2-