The copper era. (Clifton, Graham County, Ariz.) 1899-1911, 1907-09-19
ARTICLES OF INCORPORATION
OF
SOUTH WESTERN DEVELOPMENT
AND IMPROVEMENT CON-
PANY
Know All Men By These Presents:

PANY.
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 III 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
Alvin c. Owsley, John B. Schmitz, II. F.
Schweer NJ. S 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 Boord 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-
quire and deal in Mines mining claims, lode
and placers; to work, operate and develop the
same, and mine and reduce ores thcrefrom; 10
rights, and TO buy, build. construct. own, opcr-
ate and maintain mining, milling smelling and
reduction plants: to construct, Own, operate,
maintain and dispose of such railways, trans
portatiOn lines and facilities as may be neces-
sary, proper and incident to carrying on the
business for which this corporation is organ
ized to do a general merchandise business,
and own, operate and dispose of buildings and
such lines of business rs may he necessary for,
incident to. or III 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. 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 i'll conn cotton Herewith o the same
extent as 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-
sistemt 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 (S1OO,OOO Dollars. divided
into 100000 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 uOn-as-
seSsable in consideration of the payment there
fore II 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 w. 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 thereof
shall be twenty -ive 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 IT, following named shall constitute the
Boa, Directors until their successors are
elect L. f. Sweeting, W. S. Mcnamara, Ira
Harper Il. Lehman, Jake Metzler, Randolph
Paine, Alvin C. Owsley. z. 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 elected shall be, Alvin c.
Owsley, President; W. s. McNamarI Vice
President; Randolph Paine, Secretary; II. F.
Schweer. Treasurer.
Article VI The highest amount of indebt
edncss liability, direct or contingent, 10
which this corporation is at any time subject
shall be Sixly-iive Thousand (S65, OOO) Dollars
which amount does not exceed two-thrtls the
amount of the capital stock.
Article VII. The private property of the
Stockholders of this corporation shall be cx-
cmpt from corporate 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.
NtvtS T. Owsrrv (Scan