The copper era. (Clifton, Graham County, Ariz.) 1899-1911, 1907-08-29
ARTICLES OF INCORPORATION
OF
UTHWESTERN DEVELOPMENT
AND IMPROVEMENT CON-
PANY
know All Men By These Presents:

know All Men By These Presents:
That we, whose hands hereunto affixed,
have this day. and do hereby associate ourselves
together for the purpose of forming 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 I. The names of the incorporators
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, aud the corporation may es
tablish branch Offices either within or without
the Territory of Arizona where meetings of
the Bosrd of Directors or 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 plarers; 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 aud 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 otherwise hold,
own and dispose of the capital stock, securi-
| ties privie ges and franchises of other corpora
tions aid buy, own. sell and deal in notes,
bonds, OF tons, securities and evidence of in
debtedness; and generally to do and perform
every act in conn ection herewith o the same
extent as Il natural person might or could do
and to perform all things necessary 10 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 600 shares of the par value of One Dol
lar EACH which stock shall be issued at such
times and upon such conditions as may be pre-
scribed by the Board of directors; and the
Board of Directors is hereby authorized to issue
any or all of said stock, fully paid and non-as-
sessable in consideration of the payment there
fore i n cash. or transfer to this corporation OF
property, rights or interests of any description.
or of services rendered, and the valuation oil
the interests so acquired, or the services rem
dered, or to he 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 oil
this corporation shall be the filing of ccrti
fed copy of these Articles of Incorporation
according to law and the termination thereof
shall be twenty-five years thereaf err with tine
privilege of renewal rs prescribed by law.
Article v. The affairs of this corporation
shall b.; conducted by Board of Nine Direc
tors of which five shall constitute quorum
and IT, following named shall constitute the
Boar T Directors uutil their successors are
elect L. F. Sweeting. w. S. Mcnamara, Ira
Harper, r. Lehman. Jake Metzler, Randolph
Paine, Alvin C. Owsley F. D. Conner and ]. p
Murphy Thereafter the Board of Director.
shall be elected from among the stockholder
at the annual meeting. which meeting shall be
held on the Third Tuesday in January of eacl
year. The officers of said corporation unit
their successors are elected shall be, Alvin C
Owsley, President; w. S. Mcnamara, Vice
President; Randolph Paine, Secretary; H.
Schweer, Treasurer.
Article vi The highest amount of indebt
edness or liability, direct or contingent, II
which this corporation is at any time subject
shall be Sixty five Thousand Cs65.OOO) Dollars
which amount does not exceed two-thirds thu
amount of the capital stock
Article VII. The private property of thu
Stockholders of this corporation shall be ex
empt from corporate debts of any kind what
soever.
In witness whereof we have hereunto set on
hands and seals this 18th day of July, A.
1907.
ALVIN c. OwsLEY (SealJ