Wednesday, November 26, 2008

Subdivision has been incorporated

[Click on image to see large certificate]

Pursuant to a vote taken at the mid-year meeting, the Board of Directors has now incorporated Wellington Subdivision.
This step was taken in order to avail ourselves of the 1994 amendments to Georgia law allowing, among other things, for subdivisions to summarily assess liens. It also clarifies our organizational structure and helps avoid the possibility of liability on the part of officers.
(One good example: a child breaks his leg climbing on the sign in front of the subdivision. Now, we are only liable to the extent of our corporate assets. That is, unless - say - the President maliciously pushed the child off the sign.)