EX-3.309 313 p16855exv3w309.htm EX-3.309 exv3w309
Exhibit 3.309
         
Form BCA-2.10
  ARTICLES OF INCORPORATION    
 
(Rev. Jan. 1995)

  This space for use by Secretary of State   SUBMIT IN DUPLICATE!
George H. Ryan
Secretary of State
Department of Business Services
Springfield, IL 62756
  FILED

MAR 03 1997
  This space for use by
Secretary of State
 
       
Payment must be made by certified check,
cashier’s check, Illinois attorney’s check,
Illinois C.P.A.’s check or money order,
payable to “Secretary of State.”
  GEORGE H. RYAN
SECRETARY OF STATE
  Date  3-3-97
Franchise Tax        $    25
Filing Fee              $    75

Approved:             $  100
1.   CORPORATE NAME: Borrow Pit Corp.
 
   
 
(The corporate name must contain the word “corporation”, “company”, “incorporated.” “limited” or an abbreviation thereof.)
                 
2.
  Initial Registered Agent:   Clifton             A.        Lake
         
 
      First Name   Middle Initial   Last name
 
  Initial Registered Office:   500 W. Madison St.        40th Flr.
         
 
      Number        Street   Suite #
 
      Chicago IL    60661-2511   Cook
         
 
      City     Zip Code   County
3.   Purpose or purposes for which the corporation is organized:
(If not sufficient space to cover this point, add one or more sheets of this size.)
    To engage in any lawful act or activity for which corporations may be incorporated under the Illinois Business Corporation Act of 1983, as amended.
4.   Paragraph 1: Authorized Shares, Issued Shares and Consideration Received:
                                 
    Per Value   Number of Shares   Number of Shares   Considered to be
Class   per Share   Authorized   Proposed to be Issued   Received Therefor
 
Common
  $ 1.00       10,000       1,000     $ 1,000.00  
 
 
                               
 
 
                               
 
 
                  TOTAL =   $ 1,000.00  
    Paragraph 2: The preferences, qualifications, limitations, restrictions and special or relative rights in respect of the shares of each class are:
               (If not sufficient space to cover this point, add one or more sheets of this size.)
SEE ATTACHMENT
        EXPEDITED

        MAR 3 1997

    SECRETARY OF STATE
(over)

 


 

ATTACHMENT
ARTICLES OF INCORPORATION
BORROW PIT CORP.
ARTICLE 4, Paragraph 2: The preferences, qualifications, limitations, restrictions and the special or relative rights in respect of the shares of each class are:
          Pursuant to Section 7.40 (b) of the Illinois Business Corporation Act of 1983, as amended (the “Act”), cumulative voting rights are hereby eliminated in all circumstances.
          Pursuant to Section 2.10 (b) (2)(v) of the Act, any provisions of the Act that require for approval of corporate action a two-thirds vote of the shareholders shall be superseded by these Articles of Incorporation to require the vote of the holders of a majority of the outstanding shares of each class entitled to vote as a class on the matter.
ARTICLE 7 — Other Provisions.
          A director of the Corporation shall not be personally liable to the Corporation or its shareholders for monetary damages for breach of fiduciary duty as a director, except for liability (i) for any breach of the director’s duty of loyalty to the Corporation or its shareholders, (ii) for acts or omissions not in good faith or that involve intentional misconduct or a knowing violation of law, (iii) under Section 8.65 of Act, as the same exists or hereafter may be amended, or (iv) for any transaction from which the director derived an improper personal benefit. If the Act hereafter is amended to authorize the further elimination or limitation of the liability of directors, then the liability of a director of the Corporation, in addition to the limitation on personal liability provided herein, shall be limited to the fullest extent permitted by the Act as so hereafter amended. Any repeal or modification of this article by the shareholders of the Corporation shall be prospective only, and shall not adversely affect any limitation on the personal liability of a director of the Corporation existing at the time of such repeal or modification.