The name of this organization shall be known as the Spartan Housing Cooperative, Inc. henceforth referred to as the SHC.
The purpose of the SHC shall be to provide high-quality, low-cost, not-for-profit cooperative housing and educational opportunities to very low- to moderate-income people*, to promote the concept of cooperative living and to uphold the Rochdale Principles of Cooperation. *(Very low- to moderate-income as defined by HUD Standards for Lansing–East Lansing, MI MSA).
Section 1. All policies and directives established by these By-Laws, the Articles of Incorporation, valid membership referenda, regular all- membership meetings, valid decisions of the SHC Board of Directors and the Code of Operations shall be binding on the Corporation in the following descending order of supremacy:
Discussion
The confusing definitions of the word “Household” are relics from both from when the houses were separately incorporated and when there were three separate types of membership. The 1992 Bylaws are useful for comparison here.