The copper era., 1907-08-01
ARTICLES OF INCORPORATION
OF
SOUTHWESTERN DEVELOPMENT
AND IMPROVEMENT CON-
PANY
Know All Men By These Presents:

NAiON All AuCh Dy 1ucSc EIcScAlS.
That we. whose hands are hereuuto affixed,
have this day, and do hereby associate ourselves
together for the purpose of forming a corpora
ton under the provisions of Chapter II Title
XIII of the Revised Statutes of Arizona OF
1901, and the amendments thereof, and we here
by make, adopt declare and publish the follow
ing Articles of Incorporation, to-wit
Article l. The names of the incorporates
are Alvin c. Owsley, John B. Schmitz II. F.
Schweer, NJ. Stout and J. w. Sullivan, and
the name of the corporation shall be, South
western Development and Improvement Com
pany. The principal place within the Territory
of Arizona, in which the business of said cor
poration is to be transacted is Clifton, Graham
County, Arizona, and the corporation may es-
tablish branch offices either within or without
the Territory of Arizona, where meetings of
the Bosrd of Directors Stockholders may be
held.
Article II. The general nature of the bust
ness proposed to be transacted by this corpora
ton is as follows, to-wit:
To buy, sell, own. locate and otherwise &C.
quire and deal in mines, mining claims, lode
and placefs; to work, operate and develop the
same, and mine and reduce ores therefrom; TO
locate, buy, SELL and deal in waters, water
rights and to buy, build. construct, own, oper-
ate and maintain mining, milling, smelling and
reduction plants; to construct, OVID, operate,
maintain and dispose of such railways, trans
portation lines and facilities may be neces-
sary proper and incident to carrying on the
business for which this corporation is organ
lied; to do a general merchandise business.
and own, operate and dispose of buildings and
such lines of business as may be necessary for
incident to. or in anyway connected with the
purpose for which this corporation is organized.
To acquire, buy, purchase or otherwise hold,
own and dispose of the capital stock, securi-
ties privile ges and franchises of other corpora
tions, aid buy, own. sell and deal in notes,
bonds, options, securities and evidence of in
debtedness; and generally to do and perform
every act in conn ection Herewith t o the same
extent as a natural person might or could do.
and to perform all things necessary TO the
proper conduct of the business of this corpora
ton in the Territory and elsewhere, not incon-
sistent with the laws of the United States and
the Territory of Arizona.
Article III. The authorized amount of the
Capital Stock of this corporation shall be One
Hundred Thousand 100000 Dollars. divided
into 100, 900 shares of The par value of One Dol
lar each, which stock shall be issued at such
times and upon such conditions may be pre-
scribed by the Board of directors; and the
Board of Directors Is hereby authorized to issue
any all of said stock, fully paid and non-as-
sessable in consideration of the payment there
fore n cash. transfer to this corporation of
property, rights or interests of any description,
or of services rendered, and the valuation of
the interests so acquired or the services rem
dered, or to be rendered, fixed by the Board of
Directors shall be binding aud conclusive upon
the stockholders of this corporation and all
others dealing with this corporation, except
where actual fraud is shown.
Article ". The time of commencement of
this corporation shall be the filing of a ccrti-
fed copy of these Articles of Incorporation
according to law, and the termination theret
shall be twenty-five years thereafter, with the
privilege of renewal rs prescribed by law.
Article v. The affairs of this corporation
shall BE- conducted by Board of Nine Direc
tors of which five shall constitute a quorum
and the following named shall constitute the
Board of Directors until their successors are
elected: L. F. Sweeting. W. S. Mcnamara, Ira
Harper, Il. Lehman. Jake Metzler. Randolph
Paine, Alvin C. Owsley. f. D. Conner and J. P
Murphy. Thereafter the Board of Directors
shall be elected from among the Stockholders
at the annual meeting. which meeting shall be
held on the Third Tuesday in January of each
year. The officers of said corporation until
their successors are elected shall be, Alvin c.
Owsley, President W. S. McNamart Vice
President; Randolph Paine, Secretary; H. +.
5chweer, Treasurer.
Article vi The highest amount of indebt
edness or liability, direct or contingent, 10
which this corporation is at any time subject
shall be Sixty five Thousand ts65.OOo) Dollars
which amount does not exceed two-thirds the
amount of the capital stock.
Article VII. The private property of the
Stockholders of this corporation shall be cx-
empt from corpor ate debts of any kind what
soever.
In witness whereof we have hereunto set our
hands and seals this 18th day of July. A. D
1907.
ALVIN c. OwsLEY (SeaD
JOHN B. SCHMITz (SenD
H. F. SCHwEER (SeaD