The Arizona sentinel., 1888-06-30
ARTICLES OF INCORPORATION
Of the South CiIa OeVe.opment
 Company.

SOHIRduys
 We Stephen McPherson, W. T. Woods. Jr., and E. MeJcalf, desiring to incorporate ourselves under the provisions of the laws of the Territory of Arizona, and especially an Act of the Legislative Assembly there of entitled ''An Act Concerning Corpora tions, approved March Sth, 1887, for the pnrpose of engaging in the business and enterprise hereinafter mentioned, do make, subscribe and acknowledge in triplicate these articles Of incorporation.
 I.
 The name of this corporation, and by which it shall be hereafter known is 'The South Gila Development Company" and its principal place for transacting business is the town of Texas Hill, County of Yu- ma, Territory of Arizona.
 IT.
 The business and enterprise in which this corporation proposes to engage in shall be, to acquire by purchase, location, or in any other lawful manner, real estate, lands and all other kind of property, real, per sonal or mixed, and to improve and sell the same; to borrow or loan money and receive mortgages upon lands, and to carry on the business of banking in all it's branches; to buy and sell merchandise, and conduct and carry on a mercantile business in all its branches; to acquire water by location or
 
 dams, canals, ditches, pipes and reservoirs for conducting and distributing the same; to construct buildings and warehouses, and hold. occupy, buy and sell the same; to construct roads and maintain the same; to erect, operate and maintain telephone and telegraph lines; to mortgage, hypothecate CT pledge any of the property of this corpo ration; to do and transact any and all kinds of business which may be transacted by natural person.
 The amount of the capital stock of this shall be Two Million (S2,O00,- 900 00 Dollars, divided into two hundred GOO, O,O00) shares of the par value of Ten (Sl0) Dollars per share, and the same shall be non assessable, aud the said capital stock shall be paid ill at the times and un- der the conditions ordered and authorized by the board of directors of this corpora .ion.
 ".
 The time of the commencement of this l shall be the day of the filing of ,hese Articles in the office of the Recorder ,f the County of Yuma. Territory of Ari- ,ona, and shall terminate fifty years there l after. The highest amount of indebtedness or liability, direct or contingent, to which this is at any time to be subject, is he sum of One Million (Sl 900, 000. O0) dol ars.
 VI.
 The highest amount of indebtedness or liability to which this corporation is at any ime to subject itself is the sum of One Mill OH (Sl, 900, ,000.00) Dollars.
 VII.
 The affairs of this corporation shall bccon Iucted by Board of Directors composed i've t5l persons who shall be elected annu lily by the stockholders and shall hold ffice for one year and until their successors re elected and qualified. The time and manner of said election shall be provided or in the Bylaws of said corporation aid Directors shall be subscribers to the apital stock of said corporation, and no ,erson shall be eligible to said office unless le be stockholder in the corporation, and ny person ceasing to be subscriber shall ease to be a Director, and hereafter if any Director shall cease to be stockhOider he hall cease to be a Director.
 Ike Bolrd of Directors of this corpora ion shall have power to establish By Law s .nd make all rules and regulations neces- ary for the management of the affairs of his corporation and the officers thereof. The following named persons, who are to the capital stock of this cor ,oration, shall constitute its Board of Di- | ectors until the 20th day of July, 1888, | md until their successors arc duly elected | md qualified, to-wit: Stephen McPherson, W. T. Woods, Jr., E. Metcalf, $. Il. Jack nan and John Doolittle
 VIII. The stockholders and their private prop 1 ,rty shall be exempt from the corporate | lebts of this corporation.
 In witness whereof we have hereunto set | ,ur hands and seals this twenty eighth day | ,f February, A. D., 1888. Executed Tn | ,riplicate.
 STEPHEN MCPHERSON. L. S.1
 WILSON T. WooDs. Jr. IL. S.l
 E. METCALF, IL. S.l