Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1910-08-22
OF Incorporation.
COOPERATIVE INSURANCE IN
~DERWRITERS

(No. 6522.)
and also, that ! have compared the
following copy Of the same, with the
original thereof now on file, and de-
clare ii to be a correct transcript
therefrom and of the whole thereof.
Given under my hand and the Great
Seal of the Territory Of New Mexico,
At the city Of Santa Fe, the Capital,
OF this 18th day of August, A. d. 1910.
(Seal) NATHAN JAFFA,
Secretary OF New Mexico.
ARTICLES or INCORPORATION.
Know all Men by These Presents:
That we, Edwin Il. Forstall, Jay w.
Mcfeae and Francis e. Wood, all Of
whom are citizens of the United
States, have associated ourselves to-
gether for the purpose of forming n
corporation under the provisions or
an Act of the Thirty-fifth Legislative
Assembly Of the Territory of New
Mexico. entitled IAN Act to regulate
the formation and government Of corr
porations for mining, manufacturing,
industrial and other pursuits; approx
ed March Is, 1906 And we hereby
certify as follows:
The corporate name Of said cor
p%oration is COOPERATIVE INSUR-
ANCE UNDERWRITERS.
II.
The principal place of business Of
said corporation is in the city of AL
buquerque, in the County Of Bernal,
lilo and Territory of New Mexico, and
I'm Room 3 in the State National Bank
Building, and Francis T.. Wood is the
name of the agent in charge thereof
and upon whom process against the
corporation may be served.
III.
The objects for which this corpora
ton is formed are as follows.
TO be and act as agents for the TAX,
ing. soliciting and placing of insurance
of all kinds. except life insurance, and
20 act as general or special agents
for the placing ana taking of such
Insurance.
As subsidiary to and In furtherance,
but not in limitation Of the powers
conferred by the Acts and Laws OF
New Mexico, or Of the objects herein
above stated, it is expressly provided
that said corporation shall also have
ana exercise the following powers, to-
wit;
a. To do any and all things here,
I'm specified as objects, purposes ana
mowers to the same extent ana with
like force and effect as a natural per-
son might or could do the same, and
~ tN llitiiA ~ fAtfN i'RfA - AfFA fI''
NJ principal, agent, contractor, trustee
or otherwise.
b. To conduct said business above
specified In all its branches n rami-
fications, and have ana maintain one
or more offices for the transaction OF
business, and hold without limitation,
purchase and convey real and person
nj property in the Territory Of New
Mexico.
C.. To purchase for the purpose OF
holding, occupying and using the
same. or to be leased or sold for
profit. real estate and real property
and any and all interests and rights
therein.
d. 10 acquire by purchase or other
wise the good Will, trade marks, trade
names and all other rights and inter-
ests i'm or pertaining to any business
and to assume entirely or in part, the
payment OF the debts and liabilities or
n person. firm. association or cor
poration. and to pay for the property
assets and rights Of any such person.
firm, association or corporation in
cash. stock of this corporation or
with its bonds or with the stock or
bonds of other corporations, persons,
firms or other associations, or with
other property or otherwise.
=. TO hold. purchase or otherwise
acquire. sell, assign, transfer, mort
gage pledge or otherwise dispose or
shares Of the capital stock, bonds or
other evidences of Indebtedness creat>
ed by any other corporation or corr
porations. and while the holder OF
such stock. to exercise all rights and
privileges of ownership including the
rights To vote thereon. to the same
extent that q natural person might do
or could do.
To guarantee the payment Of the
princinal or the dividend or the in
terest on any shares. stocks. debent-
urcs or other securities issued by or
any other contract or obligation or
any corporation, whenever proper or
necessary for the business of this
corporation or any part thereof, as
herein mentioned and specified in the
opinion of its BOARD OF Directors or
the Executive Committee thereof.
e.. To make, enter into and exc
cute contracts Of every kind and
character. sealed and u~nsealed, with
individuals. firms, associations and
corporations. private, public n mu-
uiCipal. and bodies polite and with
tho Government of the United States
and with any State or Territory.
d.. To do each and every thing
necessary. suitable or proper for the
accomplishment Of any Of the pur-
poses or the attainment Of any n or
more OF the objects herein enumer-
ated, or which at any time shall APP
pear conductive or %eNpedient for the
protection or the benefit OF this cor
poratiou. either as holders OF. or in
terested In. any Of this property; ia
being the intention that the objects,
purposes and powers specified, and
the clauses contained in this para
graph or this instrument shall. except
when otherwise expressly stated
therein. be in no wise limited or re-
striCted hy reference 60. or Inference
from, the terms Of any other clause
~ this or any other paragraph of
this instrument. hut shat the objects.
purposes and powers specified in each
OF the clauses specified in the para
graph shall be regarded as independ-
ent objects, purposes ma powers
".
The amount OF the total authorized
capital stock OF this corporation is
Five Hundred Thousand Dollars
tS5oo,oOo.0ol. which said stock IS di-
vided into one hundred thousand
tloo.oopl shares. of the par value OF
Five Dollars CS5.0e) each.
Y.