Arizona republican., 1903-01-08
ARTICLES OF ACCOMMODATIONS
 OF THE nI C,Iy HI SWNrINIG AHNIN

BLACK HILLS S E..
 Know All Men by These Presents, That we, whose hands are hereunto affixed, do hereby associate ourselves together for the purpose of forming a corporation under the laws of the Ter ritory of Arizona, and to that end make the following statement:
 First: The names of the corporators are: Edwin c. Potter, Lewis c. Twom bly, Andrew E. Johnson and Carleton l.. Wallace of Minneapolis. Minnesota. and Philip s. Harris, of St. Paul, Min nesota, and the name of the corpora ton shall be BLACK HILLS SYNDI- CATE. The principal place in which the business of said corporation within the Territory of Arizona is to be tram sacted is Phoenix. Maricopa county. Arizona, and the principal place of business of said corporation outside the Territory of Arizona shall be the City of Minneapolis. in the State of Minnesota, at which meetings of the board of directors may be held, and the corporation may have such branch offices either within or without the Territory of Arizona as may be estab- lished by the board of directors. Second The general nature of the business proposed to be transacted by this corporation is as follows, to-wit:
 To make contracts; to purchase. lease, bond. locate or otherwise acquire. own, exchange, sell, or otherwise dis pose of, pledge. mortgage. hypothecate and deal in real estate and any and all kinds of personal property, mines, mining claims, oil lands, mineral lands. stone and marble quarries, fire clays. oil, gas. asphaltum, petroleum. asbes- tos. salt, water and water rights and machinery. and to work, mine. explore. operate and develop the same; and to do a general real estate, manufacturing and mercantile business: to own, han dle and control letters patent and in- ventions and shares of capital stock Of other corporations; to borrow money and execute notes. bonds. mortgages. or deeds of trust to secure the same, | and to exercise in respect of all such | bonds, mortgages, notes shares of cap l ital stock and other securities and ob- ! ligations any and all rights. powers and privileges of individual owners | thereof, including the right to vote upon any shares of stock held by it to the same extent that a natural person might or could do; and in general to do 1 all things necessary to the proper con | duct of the business of this corporation | in the territory and elsewhere, not in- consistent with the laws of the United l States and the Territory of Arizona ] Thiru: The authorized amount of 1 capital stock of this corporation shall | be one million two hundred and fifty thousand dollars (s1,250, 900 O0), divided ! into one million two hundred and fifty | thousand shares of the par value of one | dollar (s1.00) each. At such time as the | board of directors may by resolution | direct, said ca pital stock shall be paid | into this corporation either in cash or | by the sale and transfer to it of real | or personal property for the uses and purposes of said corporation. In pay ment for which shares of the capital stock of said corporation may be is- | sued, and the capital stock so issued shall thereupon and thereby become and be fully paid up and non -assessa- 1 ble, and in the absence of actual fraud in the transaction the Judgment of the directors as to the value of the property purchased shall be conclusive.
 | Fourth: The time of the commence ment of this corporation shall be the ! date of the filing of these articles of incorporation in the office of the Sec retary of Arizona, and the termination
 thereof shall be twenty-five years l thereafter.
 Fifth: The affairs of this corporation
 shall be conducted by a board of five | directors, and the following named shall constitute the board of director
 until their successors are elected: ED WIN G. POTTER. LEWIS c. TWOM-
 BLY, ANDREW F. JOHNSON CARLETON L. WALLACE and PHIL IP s. HARRIS. Thereafter the board of directors shall be elected from
 among the stockholders as the bylaws
 of the corporation may provide. The
 officers of said corporation until thei'
 successors are elected shall be: ED
 WIN G. POTTER, President; AN DREW F. JOHNSON, Vice President
 CARLETON L. WALLACE, Secretary PHILIP s. HARRIS, Treasurer.
 Sixth: The highest amount of h.
 debtedness or liability. direct or con.
 tingent, to which this corporation is al
 any time subject shall be seven hun.
 dred and fifty thousand dollars (s750,.
 000.0O). which amount does not exceed
 two thirds the amount of the capita
 stock.
 oeNeHlH. 1he pIINdle pIoPei ly Ol Iii'
 stockholders of this corporation shal
 be exempt from corporate debts of any
 kind whatsoever.
 Tn witness whereof, we have hereuntC
 set our hands and seals this twentietl
 day of November, 1902.
 | EDWIN G. POTTER, (Seal) | LEWIS c. TWOMBLY, (Seal)
 ANDREW E. JOHNSON, (Seal) | PHILIP s. HARRIS, (Seal)
 CARLETON L. WALLACE. (SeaL)
 State of Minnesota,
 County of Hennepin, ss.
 On this, 20th day of November, il the year 1902 before me Hubert w