All that certain land an premises, tract or parcel, situate in the City of Atlantic City, County of Atlantic Country, and State of New Jersey, bounded and described according to a survey by Robert J, Catalano & Associates as follows:

All that certain land and premises, tract or parcel, situate in the City of Atlantic City, County of Atlantic County and State of New Jersey, bounded and described as follows: Beginning in the southwesterly line of New York Avenue (50’ Wide) at the intersection of the southeasterly line of Westminister Avenue (23’ Wide), said beginning point being 913’ southeastwardly of the southeasterly line of Pacific Avenue, and thence extending by true meridian courses,

(1) S27° 31’ 07” E,Along said south west line ofNew York Avenue, 383.875’ to the interior line of public park, and northwest line of boardwalk right of way, thence

(2) S78° 51’ 05” W,Along Said interior line of public park and boardwalk right of way, 125.267’ to a point, thence

(3) N27° 3l’ 07” W, Parallel with New York Ave., 247.581’, thence

(4) N62° 28’ 53” E,Parallel with Pacific Ave., 16.266’ to an Old Division Line, thence

(5)N29° 34’ 19” W,Along same, 1.00’ thence

(6)N62° 28’ 53” E, Parallel with Pacific Ave., 1.02 ‘, thence

(7)N29° 34’ 49” W,50.03’, thence

(8)S62° 28’ 53” W, Parallel with Pacific Avenue, 1.01’ to aforementioned Old Division Line, thence

(9)N29° 34’ 19” W, Along same, 50.03’ to aforementioned S.E. line of Westminister Avenue, thence

(10)N62° 28’ 53” E, Along same 107,505’ to the point and place of beginning Containing 42, 491.0 square feet.

The undersigned, of full age, have this day voluntarily associated themselves together in accordance themselves together in accordance with New Jersey Statues, Title 15A, Chapter 1, et seq., for the purpose of forming a corporation not for profit, and do hereby adopt the following Articles of Incorporation for such purposes.

ARTICLE I

The name of the corporation is the Atlantic Palace Condominium Association, Inc. (hereinafter, the “Association”). depend

ARTICLE II

The corporation is a corporation not for profit.

ARTICLE III

The period of the corporation’s duration is perpetual.

ARTICLE IV

The purpose for which the corporation is formed is to administer, manage and operate the common affairs of the unit owners of the Atlantic Palace, a Condominium, and to exercise each of the powers and to perform each of the duties and obligations of the Association as set forth and described in that certain Master Deed recorded or intended to be recorded in the Office of the Clerk of Atlantic County, which Master Deed is incorporated herein as if set forth in full. In addition, the Association shall have and exercise any and all powers, rights and privileges which a corporation organized under the Non-Profit Corporation law of the State of new Jersey now has or may subsequently have or exercise.

ARTICLE V

The name and address of the registered agent of the corporation, upon whom process against the corporation may be served is Grace Botthof, Dover Avenue at the Boardwalk, Atlantic City, New Jersey 08401.

ARTICLE VI

The affairs of the Association shall be managed by a Board of Trustees, which shall, unless changed by the Association’s By-Laws, be comprised of five (5) persons. The names and addressees of the persons who shall act in the capacity of Trustees until selection of their successors are as follows:

NAME ADDRESS

H. B. Munn Jr.
1400 Main Street
President
Columbia, South Carolina 29201

Anne Harden
1400 Main Street
Vice President
Columbia, South Carolinas 29201

Richard W. Payton
1400 Main Street
Secretary-Treasurer
Columbia, South Carolina 29201

Patrick L. Tomlin
1400 Main Street
Columbia, South Carolina 29201

Billy J. Bobo
1400 Main Street
Columbia, South Carolina 29201

ARTICLE VII

The location for the activities and conduct of the Association’s affairs is New York Avenue at the Boardwalk, Atlantic City, New Jersey 08401

IN WITNESS WHEREOF, for the purpose of forming this non-profit corporation, the undersigned, acting as and constituting the incorporation of the Association have hereunto set our hands and seal this 19^th day of February 1987.

<top>