The corporation does not contemplate pecuniary gain or profit, direct or indirect, to its members. The purpose for which it is formed are:
To provide a community water system and recreation area for the residents of Lots 1 through 98 inclusive as shown on a plan entitled, "Subdivision Plan of Land, Redfield Estates, Derry, N.H." dated June 2, 1978, by Thomas F. Moran, Inc., surveyors, civil engineers, land planners, and recorded as Plan No. D9867 in the Rockingham County Registry of Deeds, and such additional areas of land as may hereafter be brought within the jurisdiction of this corporation by annexation as provided in The Declaration of Covenants for Redfield Estates recorded in Rockingham County Registry of Deeds, hereafter referred to as "The Properties" and for this purpose to:
a. Own acquire, build, operate, and maintain wells, pump houses, storage tanks, piping and other incidental equipment necessary for the furnishing of water to the residents of the lots in The Properties, on areas hereinafter referred to as "the Common Properties", which shall mean and refer to Lot 99 on said Plan No. D9867 referred to above, and shall also mean and refer to such additional areas of land as may be later declared Common Properties subject to said Declaration of Covenants.
b. Own, acquire, build, operate and maintain recreation and conservation areas on The Common Properties including structures and personal property incident thereto as long as said areas, structures and personal property do not interfere with the primary purpose of furnishing water to the residents as set forth in paragraph a. above.
c. Own and maintain real estate including Lot 99 on said Plan No. D9867, and own, acquire and maintain such additional areas of land as may hereafter be brought within the jurisdiction of this corporation by annexation pursuant to a two-thirds (2/3) vote of its Class A members as provided in said Declaration of Covenants.
d. Fix assessments for charges to be levied against The Properties.
e. Enforce any and all covenants, restrictions, and agreements applicable to The Properties.
f. Pay taxes, if any, on The Common Properties and facilities.
g. Publish and enforce rules and regulations governing the rights and easements of the members in the Common Properties.
h. To merge or consolidate the Association with another association subject to said Declaration of Covenants.
i. Insofar as permitted by law, to do any other thing that, in the opinion of the Board of Directors, will promote the common benefit and enjoyment of the residents of The Properties.