Arizona republican., 1912-01-04
ARTICLES OF INCORPORATION OF THE ARIZONA & NEW MEXICO UNDERWRITERS COMPANY.


 KNOW ALL MEN BY THESE PRESENTS: That we. J. A. Crozier, ". l.. Burt and Blaine Bowman, the undersigned, have this day associated ] ourselves together for the purpose of l forming a corporation under the laws
 of the Territory of Arizona, and for that purpose do adopt the following Articles of Incorporation:
 ARTICLE l. The name of the in corporators are J. A. Crozier, w. L. Burt. Blaine Bowman.
 ARTICLE II. The name of the cor poration shall be the ARIZONA & NEW MEXICO UNDERWRITERS COMPANY.
 ARTICLE III The principal place in which the business of said cor poration is to be transacted is Phoe- rix. Maricopa county, Territory of Arizona. but it may maintain and keep other offices ana pIaces of busi ness at such othef places in the United States. and in the Republic of Mexico, as shall be determined by the Board of Directors.
 ARTICLE ". The general nature tl ii4t DuSilltSS pIblpStd NP bf bAdh- sacted is to act as general agent or agent, for insurance companies of ev- 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. 10 own. purchase and sell. and hold shares Of stock in other corporations, to un- derwrite contracts and obligations for persons and corporations; to lease, option. locate, or otherwise acquire. or exchange, sell or otherwise dispos. Of. pledge, mortgage, hypothecate and deal in personal properties. contracts Of every kind and nature. mines, min inG 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 other corporations. and to vote any stock owned by it the same as q natural person might do; tO issue bonds. notes, debentures and other evidences of indebtedness, and to se- cure the payment of the same by mortgages, deeds of trust, notes or otherwise; and in general. to do such other accounts and things, and tn transact such business not incon- sistent with law as the board of dir ectors may deem to the advantage of the corporation.
 ARTICLE V. The capital stock of this corporation shall be Fifty Thou sand (S50.O00.O0) Dollars. divided into Fifty Thousand (50.000) shares of the par value of one (Sf00) Dollar each Said capital stock shall be paid into this corporation immediately upon subscription therfor. or at such time as the board of directors may desig- nate, in money. labor, services. or any other valuable right or thing. or property of any kind. to be trans ferred 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 shah be conclusive,
 ARTICLE VI The affairs, busi- ness and property of this corporation shall be conducted. managed and con trolled by q Board of Directors of not less than three (3) nor more than twenty-one (2D. as may from time 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 4. CroZier. w. l.. Burt and Blaine Bowman are hereby selected to act as said directors. and to manage the af- fairs and concerns of the said cor poration during the first year of its existence, and until the first annual or 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 provided, from time to time in the 
 In case of any increase in the board O. directors the additional directors shall be elected as may be provided in the Bylaws. by the directors, or by &e stockholders at an annual or special meeting
 The board of directors may appoint, from their number. an executive com mittee. of which a majority shall con- stitute a quorum, and unless otherwise provided in the Bylaws. such com 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 to all papers that may require it
 The directors shall have power to