3110 LOMBARD AVE 2016-01-01 MF Import

` _l Order No. 403376 Page 4 � 12 . FI;VANCING STATEMENT AP�D TH� TER^1S AND CONDITIONS THEREOP : Secured Party : Olympic Bank, Commerical Loan Center; Debtor : John Medema Covers : All of debtor' � interest , as vendor , in real estate contracts convering real property in the State ei' Washington; Filed: January 9 , 1°81 Auditor' s File No . : 8101097016 (Affects Parcel A and other property) NOTE l : A satisfactory shocaing should be made of the authority of the officers executing the proposed instrument on behalf of John Cain, Art Spurling, John Legg, Edward [lood and Donald Carpenter , and their successors in office , as Board of Trustees of Free Methodist Church. Current Articles of Incorporation and By-Laws should be furnished both for said church, and fer any higher discipline or organization to which it is responsible . It should be noted that in the case of a sale or mortgage or all or substantially all of the property and assets of a corporation, regardless of the requirements of the organizations involved, the Washington *.�on-Profit Corporation Act (RCW 24 .03 . 215) requi: es a special procedure . If there are no new member.s having voting rights , the Act requires a sale or mortgage to be authorized by majority vote of the directors . If there are members having voting rights , the Act re�uires the follo�aing: A. That the Board of Directors adopt a resolution recommending the sale or mortgage and directing that it be put to a vote of the membership . B , That written noticF of the meeting stating one of the purposes is to secure approvel of the Transaction to be given to each member, in accordance with the Articles and By-Lacos , but in no case to be delivered less than 10 or more than 50 days before the meetin�; . Continued