Arizona republican., 1903-01-10
ARTICLES OF INCORPORATION
 OF THE
BLACK HILLS SYNDICATE.

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 G. 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 tran sacted is Phoenix, Maricopa county, Arizona, and the principal place of business of said corporation outside l 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 i de and control letters patent and in- ventions and shares of capital stock or ' 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 1 bonds, mortgages. notes shares of cap ! 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 | 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 States and the Territory of Arizona.
 Thiru: The authorized amount of ] be one million two hundred and fifty thousand dollars C$1, ,25O, ,C0O.OO), divided into one million two hundred and fifty 1 thousand shares of the par value or one dollar (s1.OO) each. At such time as the
 board of directors may by resolution ' direct, said capital 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 on-assessa- 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 1 incorporation in the office of the Sec
 retary of Arizona, and the termination
 thereof shall be twenty-five years 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 s
 until their successors are elected: ED WIN G. POTTER, LEWIS c. TWOM-
 BLY, ANDREW F.. JOHNSON. l 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 their | successors are elected shall be: ED | WIN G. POTTER, President; AN
 DREW E. JOHNSON. Vice-President; CARLETON L. WALLACE, Secretary;
 PHILIP s. HARRIS, Treasurer.
 Sixth: The highest amount of in-
 debtedness or liability. direct or con
 tingent, to which this corporation is at
 any time subject shall be seven hun
 dred and fifty thousand dollars (s75O,
 OO0.OO). which amount does not exceed
 two thirds the amount of the capital
 stock.
 Seventh. The private property of the
 stockholders of this corporation shall
 be exempt from corporate debts of any
 kind whatsoever.
 Tn witness whereof. we have hereunto
 set our hands and seals this twentieth
 day of November. 1902.
 EDWIN c. POTTER. (Seal)
 LEWIS C. TWOMBLY, (Seal)
 ANDREW F. JOHNSON, (Seal) | PHILIP s. HARRIS, (Seal) l CARLETON l.. WALLACE. (Seal)
 State of Minnesota,
 County of Hennepin, ss.
 ]. On this, 20th day of November, in , the year 1902, before me, Hubert w. Potter. a notary public in and for the
 state and county aforesaid. residing
 therein, duly commissioned and sworn, personally appeared Edwin G. Potter, Andrew E, Johnson, Lewis c. Twom-