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Document Preview Limited Liability Company Operating Agreement |
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Title: |
Limited Liability Company Operating Agreement |
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Entities: |
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Date: |
2006 |
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Size: |
Preview shows 8KB of 24KB total |
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Price: |
$37 |
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ID: |
#1937331 |
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| A. | Shirlington Neighborhoods, LLC (the Company) was organized pursuant to the Articles of Organization filed with, and approved by, the Virginia State Corporation Commission on June 9, 2005. The Member owns all of the Interests (as such term is hereinafter defined) in the Company. | ||
| B. | The Member has agreed to enter into this Agreement to regulate the affairs of the Company and the conduct of its business. | ||
| C. | The Member has agreed that this Agreement shall serve as an operating agreement within the meaning of Section 13.1-1023 of the Code of Virginia. |
| 1. | Formation and Name. The Member hereby agrees to and forms a limited liability company under the name of Shirlington Neighborhoods, LLC (the Company), pursuant to the provisions of the Act and this Agreement. The Member has executed and filed the Articles of Organization attached hereto as Exhibit A, with the State Corporation Commission of Virginia (SCC). |
| 2. | Principal Office. The initial principal place of business of the Company shall be located at 1881 Campus Commons Drive, Suite 101, Reston, Virginia 20191. The Company may relocate the principal place of business of the Company and have such additional offices as the Member decides. |
| 3. | Registered Office and Registered Agent. The address of the registered office of the Company is 1881 Campus Commons Drive, Suite 101, Reston, Virginia 20191. The name of the companys registered agent at such address is Stuart M. Ginsberg, Esquire, a member of the bar of the Commonwealth of Virginia. Such registered agent is a resident of the Commonwealth of Virginia and actually resides therein. The Member may select any person |
| permitted by applicable law to act as registered agent for the Company in each jurisdiction in which it is necessary or appropriate for the Company to have a registered agent, and may replace any such person from time to time. |
| 4. | Term. The Company shall have a term beginning on the date the Articles of Organization are filed and received for recordation by the SCC, and shall continue in full force and effect until December 31, 2020 unless sooner terminated pursuant to the terms of this Agreement. |
| 5. | Purposes. The purposes for which the Company are formed are as follows: (a) engage in the development and sale of residential homes; (b) to have and exercise all powers and to conduct such other business activities as are permitted by the laws of the Commonwealth of Virginia on limited liability companies formed pursuant to the Virginia Limited Liability Company Act; and (c) to do any and all things necessary, convenient or incidental to the achievement of the foregoing. |
| 6. | Powers. The Company shall have the power to do any and all acts and things necessary, appropriate, proper, advisable, incidental to, or convenient for, the furtherance and accomplishment of its business and purposes, including the following powers: |
| A. | To acquire real property and to build and construct single family residential homes and communities; | ||
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