The Arizona sentinel., 1888-05-26
ARTICLES OF INCORPORATION
Of the South ciIa Development
 CcmoanV

Of the South ciIa Development
 Company.
 We Stephen McPherson, W. T. Woods, Jr., and E. Metcalf, 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, 9 approved March Sth, 1887, for the purpose of engaging in the business and enterprise hereinafter mentioned, do make, subscribe and acknowledge in triplicate these articles of incorporation.
 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.
 II.
 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 mercantile business in all it's l branches; to acquire water by location or purchase, and construct and maintain 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 or 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,OOO,- 10000 Dollars, divided into two hundred thousand (2OO, ,0O0) shares of the par value # Ten (SlO) Dollars per share, and the same l hall be non assessable, aud the said capital tock shall be paid in at the times and un- Ter the conditions ordered and authorized y the board of directors of this corpora ion,
 ".
 The time of the commencement of this ( orporation shall be the day of the filing of e hese Articles in the office of the Recorder ' f the County of Yuma. Territory of Ari- ona, and shall terminate fifty years there a fter.
 V.
 The highest amount of indebtedness or S ability, direct or contingent, to which this orporation is at any time to be subject, is ?; he sum of One Million (Sl, GOO, 900. 00) dol ars.
 VI. The highest amount of indebtedness or C ability to which this corporation is at any :; ime to subject itself is the sum of One Mill on (Sl, ,OO0, ,O0O.OO Dollars,
 VII. It The affairs of this corporation shall becon $ ucted by Board of Directors composed we (5) persons who shall be elected annu- T lily by the stockholders and shall hold i nvo tQr one year and until their successors re elected and qualified. The time and z manner of said election shall be provided Il or in the Bylaws of said corporation. aid Directors shall be subscribers to the apital stock of said corporation, and no f erson shall be eligible to said office unless ( e be a stockholder in the corporation, and ny person eeasing to be subscriber shall ease to be Director, and hereafter if any Director shall cease to be stockholder he U hall cease to be Director. The Board of Directors of this corpora ion shall have power to establish Bylaws ' nd make all rules ahd regulations neces- ary for the management of the affairs of his corporation and the officers thereof. I The following named persons, who are ubscribers to the capital stock of this cor I oration, shall constitute it's Board of Di- ectors until the 2Oth day of July, 1888, nd until their successors arc duly elected c nd qualified, to-wit: Stephen McPherson, C V. T. Woods, Jr., E. Metcalf, S. H. Jack ,an and John Doeellittle. II
 VIII
 The stockholders and thsir private prop rty shall be exempt from the corporate ebts of this corporation.
 In witness whereof we have hereunto set UT hands and seals this twenty eighth day February, A.. D., 1888. Executed in C riplicate
 STEPHEN McPHERsoE. L. S.] .
 WILSON T. WooDs. Jr. IL. S.l
 E. METCALE, IL. S.l e
 TERRITORY OF ARIZONA,
 COUNTY OF MARIcoPA,
 Before me, G. w. Ingalls,, a Notary