The purpose of this Association shall be to legally own, to have control of, and to manage certain common amenities and improvements described as shore land, boat landings, beaches, piers, streets, parks, playgrounds and all rights and privileges related thereto and located within boundaries of Huntoon Woods, Paddock Lake Highlands, Hartnell Heights, Third Addition to North Park Subdivision, and Woodcrest Highlands (formerly Schlax Woods), all of which are duly platted subdivisions in the Town of Salem, County of Kenosha and State of Wisconsin, and further to make such rules and regulations concerning the use and enjoyment thereof; and to receive by gift or to purchase additional personal property for the use and benefit of members of the Association from time to time.