The administration of a Utoring apartment house located in Ascona. The company grants its members, according to the specific provisions of these statutes, the right to rent an apartment in this same house. The company may open branches and subsidiaries in Switzerland and abroad and may participate in other companies located in Switzerland or abroad. The company is authorized to acquire, own and sell real estate. The company may also engage in all commercial, financial and other activities that are related to the purpose of the company.