Arizona republican., 1912-01-06
ARTICLES OF INcoRPoRATIoN OF THE ARIZONA & NEW MEXICO UNDERWRITERS COMPANY.

SNOGN w rHi I'NS SS''' CN''
 | KNOW ALL MEN BY THESE PRESENTS: That we, ]. A. CrOZier
 W. l.. Burt and Blaine Bowman, the
 undersigned. have this day associated
 ourselves together for the purpose of
 forming corporation under the laws
 of the Territory of Arizona. and for
 that purpose do adopt the following | Articles of Incorporation:
 1 ARTICLE l. The name of the in- l, eorporators arc J. A. CrOzier, w. l.. 1 Burt. Blaine Bowman.
 ARTICLE II. The name of the cor poration shall be the ARIZONA &
 NEW MEXICO UNDERWRITERS | COMPANY"
 l ARTICLE III. The principal place i in which the business of said cor poration is to be transacted is Phoe- riX. Maricoya county, Territory of 1 Arizona, but it may maintain and
 keep other offices ana pIaces of busi- ness at such other places in the United States and in the Republic ] of Mexico, as shall be determined by
 the Board of Directors.
 ARTICLE ". The general nature of the business proposed to be tram sacted is to act as general agent, or agent for insurance companies of cv cry nature and kind. to make con- tracts, to act as trustee. broker, or in any other fiduciary capacity, and
 to borrow and loan money. to own,
 purchase and sell. and hold shares
 If stock in other corporations, to un-
 derwritc contracts ard obligations for
 persons and corporations: to lease,
 option. locate, or otherwise acquire, or exchange. sell or otherwise dispose
 If, pledge, mortgage. hypothecatc and
 deal in personal properties. contracts
 nf every kind and nature, mines. min
 ;ng claims mineral land. timber lands. coal lands. oil lands, real estate. Wa
 ter and water rights: to own. con-
 trol, and deal in letters, patents and
 investments. and to purchase and hold its own capital stock. as well as of
 .ther corporations. and tu vote any
 stock owned by it the same as a
 natural person might do: to issue bonds. notes. debentures and other -vidences Ur indebtedness. and tu se- cure the payment of the same by mortgages, deeds of trust, notes or otherwise; and in g.1eral, to do such other accounts and things. and to transact such business not incon- sistent with law as the board of dir actors may deem to the advantage of the corporation.
 ARTICLE V. The capital stock Of his corporation shall be Fifty Thou and (s5o. .OOO.0m Dollars. divided into Fifty Thousand (JG.000) shares of the par value of one s1.0O) Dollar each. Said capital stock shall be paid into this corporation immediately upon subscription therf"r. or at such time 1 IS the board of directors may dcsig- l nate. in money. labor. services. or any other valuable right or thing. or property of any kind. to be trans | terred or assigned to the corporation at valuation to be approved by the board of directors or the managing officers of the corporation as to the value thereof shall be conclusive, ARTICLE VI Tho affairs. busi- 1 ness and property of this corporation shall be conducted. managed and con- | trolled by Board of Directors of not less than three (3D nor more than tWenty-one (3D. as may from time 1 to time be fixed by the Bylaws. who shall be elected from the stockholders at the annual stockholders meeting on the 18th day of January of each and every year. who shall hold of flee for one year or until their sue cessors are elected and qualified; that | J A CroZier. w. l.. Burt and Blaine Bowman are hereby selected to act as | said directors, and 10 manage the af- ! fairs and concerns of the said cor bOration during the first year of it's ] existence. and until the first annual meeting of the stockholders. which will be held on the 18th day of Jan
 uary.
 The qualifications and powers of the directors shall be fixed, and may be increased or decreased. as may be 1 provided, from time to time in the l Bylaws.
 In case of any increase in the board | of directors the additional directors
 shall be elected as may be provided
 in the Bylaws, by the directors. or
 by the stockholders at an annual or | special meeting.
 1 The board of directors may appoint, | from their number, an executive com | mittee of which a majority shall con-
 stitute Q quorum, and unless otherwise i provided in the By-Laws. such com mittee during the recess of the board of directors, shall have, and may eX-
 ercise. all or any of the powers of
 the board of directors. including pow | CT to cause the seal Of the corpora ton to be affixed 10 all papers that | may require it.
 1 The directors shall have power tn