Arizona republican., 1920-02-28
Legal Advertising

OF
 1 DWIGHT B. HEARD INVESTMENT
 COMPANY
 which were filed in the office of said Arizona Corporation Commission or the 31st day of December A. D. 1919, al 10 o'clock a. m.. as provided by law
 Testimony Whereof. the Arizona Corporation Commission, by it's chair man, has hereunto set its hand and affixed its Official Seal. Done at the 1 City of Phoenix, the Capitol. this 3lst l day of December. A. D. 1919. 1 ARIZONA CORPORATION COM
 MISSION,
 AMOS A. BETTS. i Attest: Chairman.
 A F. STELzER,
 | ARTICLES OF INCORPORATION OF THE DWIGHT B. HEARD INVEST MENT COMPANY.
 KNOW ALL MEN BY THESE PRES
 ENTS:
 That we. whose names are hereunto subscribed, have this day associated ourselves together for the purpose of | forming a corporation and becoming l incorporated under the laws of the l State of Arizona. and for such pur- pose do adopt. execute and acknowl- edge these Articles of Incorporation: ARTICLE l. The name of this corporation is DWIGHT E. HEARD INVESTMENT COMPANY.
 ARTICLE IT.
 The names residences and post of flee addresses of the incorparators are as follows:
 Dwight B. Heard. residing at Phoe- nix. Maricopa County, Arizona, and whose post office address is Phoenix, Arizona.
 Geo. F. LilIey, whose residence is Phoenix Maricopa County, Arizona, and whose post office address is Phoe nix, Arizona;
 M. B. Heard. whose residence is Phoenix, Maricopa County. Arizona, and whose post office address is Phoe- nix, Arizona.
 ARTICLE III.
 The principal place of business of this corporation shall be at the City of Phoenix, in the County of Mari copa, and State of Arizona, but branch offices may be established and maintained at such other place or places as the Board of Directors may from time to time determine or as needs of this corporation may re- quire.
 ARTICLE ".
 The general nature of the business proposed to be transacted by this cor poration is buying, selling, leasing or otherwise dealing in real estate; oper- ating and managing ranches, farms. city and suburban property, stores NdTeDOuSeS, OlIlCc olHeT bullulHSS, constructing and erecting dwellings, stores, warehouses and other buildings and structures; buying and selling. storing and dealing in merchandise, farm products and other property; operating and managing cattle and sheep ranches and ranges and the animals thereon. and feeding, shipping and marketing live stock; buying and selling notes, bonds, mortgages, deben- lures and commercial paper, whether issued by itself or others; loaning money; carrying on general insur- ance agency business; buying. selling or dealing in the capital stock of this and other corporations and holding and controlling the same; acquiring. con- structing,, owning, operating and con trolling canals, plants and systems for the carrying or distributing of water for irrigating; domestic, light, heat or power purposes: telegaph and tele phone lines; owning and operating au- tomobiles. trucks and other freight and passenger carrying vehicles, and gen erally making all contracts and the acquiring and the transferring of prop erty with the same powers in such respect as private individuals now en- joy; and the doing of all of said things either for itself, or as the agent. broker, trustee or manager for others
 This corporation shall also have power to act, and may act. as executor.
  property and estates.
 ARTICLE V.
 The authorized amount Of capital stock of this corporation shall be Two Hundred Fifty Thousand s250,000) Dollars divided into Two Thousand Five Hundred (2.5s0) shares of the par value of One Hundred (s100) Dol lars each. The capital stock shall be paid for at such times as the Board of Directors may by resolution direct, either in cash or by the sale and trans fer to the corporation of real or per sonal property, contracts. services, good will or any other valuable right or thing; and the shares when so paid | for and issued shall thereupon become and be fully paid and non- -assessable. | The judgment of the Board of Direc- tors to the value of the property 1 or good will purchased, or services rendered, or other valuable right or thing. transferred or given for such 1 capital stock, shall be conclusive.
 The holders of the stock of this 1 corporation shall be entitled to vote | the same either in person or by proxy. |
 (a) Stockholders in this corporation | desiring to sell or transfer their stock l shall first submit notice thereof in | writing to the secretary of this cor poration, and the corporation shall | then have the option for the period of | thirty days to purchase such shares, | or such portion thereof as the corpo- ration may desire, at the value thereof | as fixed by the Board of Directors on | the next preceding first day of Jan | uary. together with per cent interest | on such value from such date, to- gether with 10 per cent additional on such fixed value.
 tb) Shares of stock owned by off cers and employees of this corpora tion shall be purchaseable by the corpora ton at it's option for period of thirty days following the date upon which | the officer shall resign or be removed | from office or the employee shall leave | he service of the corpora tion or be discharged therefrom, at price equal to the value thereof as fixed by the Board of Directors on the next pre- ceding first day of January, together with per cent interest on such value from such date, together with 10 per gent additional on such fixed value.
 Co In case of the death of any the corporation shall have he right and option to purchase one half or all of the stock of such de- ceased shareholder at any time within six months after receiving notice of such death at price equal to the falue thereof as fixed by the Board 'f Directors on the next preceding first