Arizona republican., 1912-01-07
ARTICLES OF INCORPORATION OF
THE ARIZONA & NEW MEXICO
UNDERWRITERS COMPANY.

that purpose do adopt the following
Articles of Incorporation:
ARTICLE l. The name OF the in
Corporators are J. n. Crozier, w. i
Eurt Blaine Bowman.
ARTICLE H. The name of the cor
roration shall be the ARIZONA &
NEW AIEXICO UNDERWRITERS
COMPANY"
ARTICLE III. The principal plac,
i'm which the business of said cor
p"ration is to be transacted is Phoe-
nix. Maricopa county. Territory OF
Arizona, but it may maintain and
keep other offices ana places OF bust
ness NJ such other places in the
! United States, and i'm the Republic
f, of Mexico. as shall be determined by
| the Board of Directors.
! ARTICLE ". The general nature
/ OF the business proposed to be tran
! SaCtcd is To act as general agent. or
! agent. for insurance companies of ev-
/ cry nature and kind. To make con-
| tracts, 10 act as trustee. broker, ~
ia any other fiduciary capacity. and
| to borrow and loan money. 10 own.
purchase and sell. and hold shares
| of stock in other corporations. TO I'M
dcrwrite contracts and obligations for
| persons and corporations: to lease
option. locate. or otherwise acquire.
or exchange. sell or otherwise dispoSe
Of. pledge, mortgage, hypOthccate 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-
troll. and deal in letters. patents and
investments, and To- purchase and hold
its own capital stock. as well as of
other corporations. ana Ia vote any
stock owned 10y it the same as q
natural person might do; To issue
bonds. notes. debentures and other
evidences of Indebtedness, and to Sc
cure the payment of the same by
mortgages. deeds of trust, notes or
otherwise; and i'm general To do such
ether accounts ana things. and To-
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.c00.Om Dollars, divided into
Fifty Thousand 100000 shares of the
par value Of one (s1.00) 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
ferred or assigned to the corporation
at a 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. bust
ness and property of this corporation
shall be conducted managed and con
trolled by a Board Of Directors of not
less than three CD nor more than
twcnty-onc cd. 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
= n tfoLlcI, w L. burt anu DldlliC
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 wear of its
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
provided. from time to time i'm tn.
Bylaws.
In case of any increase i'm the board
% 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.
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
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
er to cause the seal of the corpora
ton To be affixed to all papers that
may require it.
The directors shall have power to
adopt and amend Bylaws for the
government of the corporation, to fill
vacancies occurring in the board from
any cause
ARTICLE VII The highest amount
OF liability to which this corporation
shall subject itself at any one time
shall not be in excess of Twenty five
Thousand Dollars 1926, 100000
ARTICLE VIII. The private prop
erty of the stockholders and officers
Of the corporation shall be exempt
from all corporate debts of any kind,
whatever.
ARTICLE IN The time of the
commencement of this corporation