Douglas Gardens Senior Housing, Inc.

Douglas Gardens Senior Housing, Inc., a not-for-profit Florida Corporation, was created to contract for and to manage the operation of one or more housing facilities for the elderly and to otherwise support the activities and programs of Miami Jewish Health Systems, Inc., a Florida not-for-profit corporation, and its affiliates, to receive and maintain a fund or funds of real or personal property, or both, and subject to the restrictions and limitations hereunder set forth, to use and apply the whole or any part of the income therefrom and the principal thereof exclusively for charitable, religious, scientific, literary or educational purposes or to make contributions to organizations duly authorized to carry on such activities within the meaning of section 501(c)3 of the Internal Revenue Code of 1986, or corresponding section of any future federal tax code; to solicit and receive gifts, bequests, donations, contributions, conveyances, deeds of real estate, stocks, securities or commodities and devises of monies and properties and to use and apply the net income and principal exclusively and in furtherance of the undertakings of the corporation; to receive, own, hold, administer, distribute and dispose of properties of all kinds, whether real, personal or mixed , and whether acquired by gift, bequest, devise, purchase or otherwise; to borrow monies and to do and perform all lawful acts necessary, suitable and proper for purposes herinbefore enumerated...