To assist in and promote the rehabilitation and redevelopment of an historic inner-city area of Charlotte, North Carolina, known as the Fourth Ward Historic District as defined by the City of Charlotte, including the preservation of desirable physical features, the rehabilitation and reconditioning of salvageable structures, the preservation and restoration of historic properties, and the encouragement of coordinated public and private efforts for the revitalization of physical structures which are exemplary of Charlotte’s early architectural styles; to provide and promote social, cultural and educational activities for residents of the Fourth Ward area and for others interested in participating in such activities; to provide a forum for discussion and an organized line of communication between the members of the corporation and appropriate governmental bodies; to promote the orderly development of a community with a healthy atmosphere, wholesome quality of life and fresh community spirit.