Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-04-30
STOUT TO PUT
OVER CAMPBELL
ROYALTIES CO.
Papers Filed to Incorporate
With 1,OOO,O 900 Shares;
Offices Here.

The articles of incorporation of the
Gordon Campbell Royalties. Inc. were
filed in Great Falls Saturday. Gordon
Campbell, nj. e. Smeltz and Tom Stout
are the incorporators. The capital stock
is placed at 100000 shares with par
value of 81 a share and 100000
shares are subscribed in cash or what
is regarded as its equivalent.
The members of the board of direc-
tors of the company, to serve for
three months until the election of new
members, are: Gordon Campbell, Kelvin;
Charles Orchard, Denver, Col; Tom
Stout, Lewistown; M. E.. Smeltz. Great
Falls; l.. p. Jackson, Roundup; Harry
istown. The stock subscribed is:
Gordon Campbell, 175,O0O shares;
Charles Orchard, 5000 shares; Tom
Stout, 1896 shares: NJ. e. Smeltz,
5000 shares; l.. p. Jackson, 5000
shares; Harry Wilson. 5000 shares;
and j. II. Weese. five shares. The
stock is worcestershire.
Royalties on Many Acres
All three of the incorporators of
the company were out of Great Falls
Saturday and the acreage represented
in the royalties corporation could not
be determined. although it was an
nourced by Harry l.. Wilson, one of
the board of directors, that it would be
n large part but not all of the royalty
interests of Gordon Campbell and that
the stock held by Mr.. Campbell was
given on the basis of the cash value
of these royalties, said to involve "sev-
eral thousand acres
The principal offices of the corpo-
ration will be in Great Falls with Tom
Stnv< -, xtor~n &C TIM ffu,o1 nnnnnOn-
ment of the company. He will maintain
headquarters in the offices of Smeltz
& Wilson in the Steele building.
Purposes Of Corporation
The purposes of the corporation. as
named in the articles of incorporation,
cover q wide range, dealing in royalties
and leases. real estate and gas and
mineral rights. dealing in petroleum
products. prospecting and drilling for
oil. drilling water wells, dealing in
stocks. and personal property and the
borrowing Of money to carry on opera
tons.
The term of life of the corporation,
as set forth in the articles of incor-
poration, is for 20 years.
A statement issued in connection
with the incorporation said:
The company holds royalty inte-
rests III several thousand acres OF land
in the proven portion of the Kelvin
field. these having been transferred by
Gordon Campbell. Other royalties and
lands will be acquired from time to time.
Gordon Campbell will give much per-
soma attention. to the development of
the company's interest.
To Sell SOC, 900 Shares
Three hundred thousand shares of
the %company's stock will be placed on
the market at par and the receipts will
be used for the purchase of royalties
and lands. These royalties and tracts
of oil land will be selected under the
advice of Gordon Campbell and it will
be his purpose to select only such oil
interests as are known to possess an
actual intrinsic value quite aside from
any speculative value"
Gordon Campbell and his wife hold
AZ per cent royalty in the acreage of
the Gordon Campbell-Kevin syndicate,
more than $4,000 acres. He is also
known to have other holdings in royal |
ties, the extent of which are not known.
His lease holdings are variously esti-
mated at 1900 acres or more.