Current Articles of Incorporation

  
Articles of Incorporation of  Utah Certified Development Company  080670

 I

The name of the corporation is Utah Certified Development Company.

 II

Its principal office in the State of Utah will be located at 5333 South Adams Avenue, Suite B, Ogden, Weber County, Utah.  The name and address of its registered agent is Robert D. Richards, Utah Certified Development Company, 5333 South Adams Ave, Suite B, Ogden, Utah 84405.

 III

This corporation is organized and chartered for the purpose of furthering the economic development of Northern Utah, and promoting and assisting the growth and development of business concerns, including small-business concerns, in said area.  The primary objective of this corporation shall be a benefit to the community as measured by increased employment, payroll, business volume and corresponding factors rather than monetary profits to the members.  This corporation is organized under the Non-Profit Corporations Act of the State of Utah.

 IV

The corporation is authorized and empowered to do all things necessary to carry on and accomplish the purpose for which it is organized and chartered, including authority and power;

To enter into, make and perform contracts of every kind and description.

To borrow or raise moneys for any of the purposes of the corporation and, from time to time without limit as to amount, to draw, make, accept, endorse, execute and issue Amended promissory notes, drafts, bills of exchange, warrants, bonds, debentures and other negotiable or non-negotiable instruments and evidences of indebtedness, and to secure the payment of any thereof and of the interest thereon by mortgage upon or pledge, conveyance or assignment in trust of the whole or any part of the property of the corporation, whether at the time owned or thereafter acquired, and to sell, pledge or otherwise dispose of such bonds or other obligations of the corporation for its corporate purposes.

To lend to any person, firm or corporation any of its funds, either with or without security.

To purchase, hold, sell and transfer the shares of its own capital stock.

To promote and assist the growth and development of small-business concerns and others.

To have one or more offices, to carry on all or any of its operations and business and without restriction or limit as to amount to purchase or otherwise acquire, hold, own, mortgage, sell, convey or otherwise dispose of, real and personal property of every class and description.

To acquire, construct, convert, or expand facilities for lease or sale.

 V

The corporation may issue certificates of membership to its members.    Such membership shall have voting privileges.  Furthermore, the membership shall only be transferable as set out in the corporation's bylaws.  There shall be only one class of membership in the corporation.

 VI

The membership of this corporation shall be comprised of local persons residing or doing business in its area of operation.

VII

The names and places of residence of the incorporators are as follows:

1. Scott H. Parkinson  203 West 5500 South, Ogden, Utah 84403
2. Richard K. Hemingway 2815 Pierce Street, Ogden, Utah 84403
3. Robert J. McDougal  249 West 5400 South, Ogden, Utah 84403

 VIII

The number of Trustees constituting the initial Governing Board shall be not less than seven (7) nor more than nine (9).  Trustees shall be selected as outlined in the bylaws. 

 IX

The corporation is to have perpetual existence.

 X

The Governing Board is expressly authorized to make, alter and repeal the bylaws of the corporation.

 XI

The corporation reserves the right to amend, alter, change or repeal any provision contained in this certificate of incorporation, in the manner now or hereafter prescribed by statute, and all rights conferred upon stockholders herein are granted subject to this reservation.

Proposed Articles of Incorporation

  
Articles of Incorporation of Utah Certified Development Company 080670

 I

The name of the corporation is Utah Certified Development Company.

 II

Its principal office in the State of Utah will be located at 5333 South Adams Avenue, Suite B, Ogden, Weber County, Utah.  The name and address of its registered agent is Robert D. Richards, Utah Certified Development Company, 5333 South Adams Ave, Suite B, Ogden, Utah 84405.

 III

This corporation is organized and chartered for the purpose of furthering the economic development of the State of Utah, and promoting and assisting the growth and development of business concerns, including small-business concerns, in said area.  The primary objective of this corporation shall be a benefit to the community as measured by increased employment, payroll, business volume and corresponding factors rather than monetary profits to the members.  This corporation is organized under the Non-Profit Corporations Act of the State of Utah.

 IV

The corporation is authorized and empowered to do all things necessary to carry on and accomplish the purpose for which it is organized and chartered, including authority and power;

To enter into, make and perform contracts of every kind and description.

To borrow or raise moneys for any of the purposes of the corporation and, from time to time without limit as to amount, to draw, make, accept, endorse, execute and issue Amended promissory notes, drafts, bills of exchange, warrants, bonds, debentures and other negotiable or non-negotiable instruments and evidences of indebtedness, and to secure the payment of any thereof and of the interest thereon by mortgage upon or pledge, conveyance or assignment in trust of the whole or any part of the property of the corporation, whether at the time owned or thereafter acquired, and to sell, pledge or otherwise dispose of such bonds or other obligations of the corporation for its corporate purposes.

To lend to any person, firm or corporation any of its funds, either with or without security.

To purchase, hold, sell and transfer the shares of its own capital stock.

To promote and assist the growth and development of small-business concerns and others.

To have one or more offices, to carry on all or any of its operations and business and without restriction or limit as to amount to purchase or otherwise acquire, hold, own, mortgage, sell, convey or otherwise dispose of, real and personal property of every class and description.

To acquire, construct, convert, or expand facilities for lease or sale.

 V

The corporation may issue certificates of membership to its members.    Such membership shall have voting privileges.  Furthermore, the membership shall only be transferable as set out in the corporation's bylaws.  There shall be only one class of membership in the corporation.

 VI

The membership of this corporation shall be comprised of local persons residing or doing business in its area of operation. No person or entity can own or control more than 10 percent of the CDC’s voting membership. No employee or staff of the CDC can qualify as a member of the CDC for the purpose of meeting the membership requirements.

VII

The names and places of residence of the incorporators are as follows:

1. Scott H. Parkinson  203 West 5500 South, Ogden, Utah 84403
2. Richard K. Hemingway 2815 Pierce Street, Ogden, Utah 84403
3. Robert J. McDougal  249 West 5400 South, Ogden, Utah 84403

 VIII

The number of Trustees constituting the initial Governing Board shall be not less than seven (7) nor more than nine (9).  Trustees shall be selected as outlined in the bylaws. 

 IX

The corporation is to have perpetual existence.

 X

The Governing Board is expressly authorized to make, alter and repeal the bylaws of the corporation.

 XI

The corporation reserves the right to amend, alter, change or repeal any provision contained in this certificate of incorporation, in the manner now or hereafter prescribed by statute, and all rights conferred upon stockholders herein are granted subject to this reservation.