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ARTICLES OF INCORPORATION OF CARRIAGE HILL HOMEOWNERS ASSOCIATION, INC. In compliance. with the requirements of Minnesota Statutes Chapter 317A, the · undersigned, who is a resident of the State · of Minnesota and is of full age, has this day voluntarily associated for the purpose of forming a corporation not for profit and does certify: ARTICLE I NAME The name of the corporation shall be CARRIAGE HILL HOMEOWNERS ASSOCIATION, INC. (hereinafter referred to as the "Association"), and its duration shall be perpetual. ARTICLE 11 PURPOSE The purpose of the Association is to operate and maintain the Private Roadway, easement areas and the improvements located therein, and Common Areas, if any, all in a single family development ("Single Family Community"), upon certain land in the City of Orono, County of Hennepin, State of Minnesota, legally described in the attached Exhibit "A", and to exercise all the powers and privileges and to perform all of the duties and obligations of the. Association as defined and set forth herein, and in that certain Carriage Hill Declaration of Protective Covenants, Conditions, Restrictions and Easements (the "Declaration"), recorded at the Registrar/Recorders Office in Hennepin County, Minnesota. ARTICLE III NO PECUNIARY GAIN The Association shall not afford pecuniary gain, incidentally or otherwise, to its members, directors or officers. No part of the net earnings of the Association shall inure to the benefit of any member, director, officer or individual, except that the Association shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the purposes set forth in Article fl hereof. 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 carry on any other activity not permitted to be carried on by a 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). 1