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(h) To participate in mergers, consolidations or contracts with other nonprofit corporations organized for the same purposes, provided that such additional consent required by the Declaration is obtained; (i) To have and exercise any and all powers, rights and privileges that a corporation organized under the Nonprofit· Corporation Act of the State of Minnesota by law may now or hereafter have or exercise consonant with the Declaration, Bylaws and these Articles; j) To make and amend By-Laws for the Association and regulations affecting the Single Family Community; and (k) To pay all taxes and other assessments which are liens against the Private Roadway; and (1) To provide for management and maintenance and to authorize a management entity to assist the Association in carrying out its powers and duties by performing such functions as the collection of Assessments, preparation of records, enforcement of rules and maintenance of the Private Roadway, and other Common Elements. Section 3. Funds and Title to Properties. All funds and title to all Properties acquired by the Association and the proceeds thereof shall be held for the benefit of the Members in accordance with the provisions of the Declaration. No part of the income, if any, of the Association shall be distributed to the Members, Directors, or Officers of the Association. Section 4. Limitations. The powers of the Association shall be subject to and exercised in accordance with the provisions of the Declaration and Bylaws. ARTICLE V MEMBERSHIP Section 1. General. The Association shall have one class of membership. Every person or entity who is a record owner of a fee or undivided fee interest in any lot that is subject to assessment by the Association, including the Declarant, shall become a member of the Association ("Member") and all rights incident thereto shall "vest" upon acquisition of fee simple title to any Lot or Dwelling, by filing a deed therefor in the offices of the Hennepin County Recorder or Registrar of Titles (whichever is appropriate). The foregoing is not intended to include persons or entities who hold an interest merely as security for the performance of an obligation unless and until such mortgagee has acquired title pursuant to foreclosure of said mortgage or proceedings or deed in lieu of foreclosure, and the period in which the fee owner may redeem from such foreclosure has terminated. Membership shall continue until su.ch time as the 3