The copper era. (Clifton, Graham County, Ariz.) 1899-1911, 1907-08-15
ARTICLES OF INCORPORATION
SOUTHW ESTERN DEVELOPMENT
AND IMPROVEMENT COM
PANY
low All Men 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 a corpora
ton under the provisions of Chapter II Title
NH 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 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 Boo I'd 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 follows, to-wit:
To buy. sell. own. locate and otherwise ac-
quire and deal in mines, mining claims, lode
and plarers; to work, operate and develop the
same, and mine and reduce thcrefrom; to
locate, buy, sell and deal in waters, water
rights and 10 buy, build. construct, own, oper-
ate and maintain mining, milling, smelling and
reduction plants: to construct, own, 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 general merchandise business,
and own, operate and dispose of buildings and
such lines of business may be necessary for,
incident to. or i'll 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
tons, 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 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
sstent 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 as may be pre-
scribed by the Board of directors; and the
Board of Directors is hereby author. zed to issue
any or all OF said STOCK, fuIly palu ana uOn-as-
sessable in consideration of the payment there
fore n 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, 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 of
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 or, with the
privilege of renewal as prescribed by law.
Article v The affairs of this corporation
| shall b conducted by a 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, r. Lehman, Jake Mctzler, 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. Mcnamara, Vice
| President; Randolph Paine, Secretary; ii. F.
Schweer. Treasurer.
Article VI The highest amount of indebt
edness or liability. direct contingent. &c
which this corporation is at any time subject
shall be Sixty-five Thousand (S65, OOO) Dollars