Santa Monica Bayside Owners Association

PRIMARY PURPOSE. This corporation is organized and operated exclusively as a nonprofit public benefit corporation and is not organized for the private gain of any person and within the meaning of Internal Revenue Code section 501(c)(6). ADDITIONAL PURPOSES. The corporation is organized for the purpose of promoting such common interests of its Members as may qualify it as exempt from Federal income tax under Section 501(c)(6) of the Internal Revenue Code; to influence legislation that applies to its common business interests; to take steps that are proper and necessary in order to promote better relations from regulatory and other agencies; and to take all other appropriate action in furtherance of such purposes. SPECIFIC PURPOSES. The specific objectives and purpose of this corporation shall be: a) Beautifying landscapes and streets; b) Enhancing safety and security; c) Improving cleanliness and desirability; d) Implementing business incentives to attract new tenants; e) Supporting exi