The copper era., 1907-09-05
ARTICLES OF INCORPORATION
OF
SOUTHWESTERN EVELOPMENT
AND IMPROVEMENT CON-
PANY,
NOW AM Man By These Presents:

Know All Men By These Presents:
That we. whose hands are 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 1. 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 CON-
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 BOard 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 ac-
qure and deal in mines, mining claims, lode
and placers; to work, operate and develop the
same, and mine and reduce ores thcrefrom; 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 general merchandise business,
and own, operate and dispose of buildings and
such lines of business may be necessary for,
| incident to. i'll anyway connected with the
purpose for which this corporation is organized
i tn nurchaSa otherwise hold.
own and dispose of the capital stock, securi-
ties privile gcs and franchises of other corpora
tons, aid buy, own. sell and deal in notes,
| bonds, OF tions, 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 ana
the Territory of Arizona.
Article Ill The authorized amount of the
Capital Stock of this corporation shall be One
Hundred Thousand 100000 Dollars, divided
into 1OO,O 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 or all of said stock fully paid and nOn-as-
sessable in consideration of the payment there
fore IL cash or 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 he rendered, fixed by the Board of
Directors shall be binding and 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 ccru-
fed copy of these Articles of Incorporation
according to law, and the termination thereof
, shall be twenty-five years thereafter, with tine
privilege of renewal prescribed by law.
Article v The affairs of this corporation
shall b conducted by Board of Nine Direc
tors, of which five shall constitute a quorum
. and tt; following named shall constitute the
Boar Directors until their successors are
elect L. F. Sweeting, W. S. Mcnamara, Ir;
Harper, Il. Lehman. Jake Metzler, Randolph
Paine, Alvin C. Owslcy, +. D. Conner and J. p
I Murphy. Thereafter the Board of Director:
, shall be elected from among the Stockholder
at the annual meeting, which meeting shall bC
held on the Third Tuesday in January of Gael
year The officers of said corporation unit
their successors are elected shall be, Alvin
Owsley. President: w. S. MrNamari, Vice
President; Randolph Paine, Secretary; ii.
Schweer, Treasurer.
Article vi The highest amount of indebt
= cdness or liability, direct or contingent
n which this corporation is at any time subject
. shall be Sixty five Thousand (S65OOO) Dollars
$ which amount does not exceed two-thirds III
:, amount of the capital stock.
Article VII. The private property of tn
t Stockholders of this corporation shall be OK
). 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 L
Ii 1907.