Arizona state miner., 1925-05-09
ARTICLES OF INCORPORATION


KNOW ALL MEN BY THESE
PRESENTS, That we, the undersign-
ed, have this day associated ourselves
together for the purpose of forming
corporation under and pursuant to
the laws of the State of Arizona, and
for that purpose do hereby adopt
Articles of Incorporation as follows
Article I.
The name of this Corporation shall
be WOLPE INSURANCE AGENCY.
Article II
The principal place of business of
this corporation within the State of
Arizona shall be at Phoenix, Mari
copa County, State of Arizona.
Article III
The general nature Of the business
proposed to be transacted is: To
make contracts with insurance and
bonding companies: to represent them
as agent; to solicit and write all
kinds of insurance; to act as agent;
to borrow money and secure the
payment of same by mortgage or
otherwise; to own real estate; to
own shares of it's own capital stock;
and that of other corporations, and
to cancel and reissue shares of it's
own capital stock; and in general to
do and perform such acts and things
and transact such business, not in
consistent with law, in any part of
the world, as the Board Of Directors
may deem to the advantage of the
corporation.
Article ~
The authorized capital stock of this
Corporation shall be Twenty Five
Thousand ($25, 5,000.00) Dollars, divided
into twenty-five hundred shares of
One Hundred ($100.0O) dollars each.
At such times as the Board of Direc-
tors may by resolution direct, said
capital stock shall be paid into this
corporation, either in cash or by sale
and transfer to it of real or personal
property, contracts, services, or any
other valuable right or thing for the
use and purposes of said Corporation
in payment for which, shares of the
capital stock so issued shall there
upon and thereby become and be
fully paid up and worcestershire for
ever, and in the absence of actual
fraud III the transaction the judg
ment Of the Directors as to the value
of the property purchased shall he
conclusive.
Article v
The time of the commencement of
this Corporation shall be the date
of the filing of a certified copy of
these Articles of Incorporation in the
office of the corporation Commission
of Arizona, and the termination there
of shall be twenty-five years there
after, with the privilege of renewal
as provided by law
Article vi
The affairs of this Corporation
shall be conducted by a Board of
Directors, and such officers as the
Directors may elect or appoint, and
the following named shall constitute
the Board Of Directors until their
successors are elected and have
qualified: T. F. Wolpe, Weldon J..
Bailey and K. G. Weisser There
after the Board of Directors shall
be elected from among the stockhold-
ers at the annual meeting of the
Stockholders to be held on the first
Tuesday of each year. The names
of the officers who shall have charge
of the corporate affairs are:
l. F. Wolpe, President, and Treas
urer, Weldon J. Bailey, Vice Presi-
dent and K. G. Weisser, Secretary.
Article VII
The Board Of Directors shall have
power to adopt and amend BY Laws
| for the government of the Corpora
| ton, to fill vacancies occurring in
| the Board for any cause, and to ap-
| point an Executive Committee and
vest said committee with such powers
as they may determine.
Article VIII
| The highest amount of indebted
ness or liability, direct or contingent,
| to which this corporation shall be
subject at any one time shall be
! Sixteen Thousand Five Hundred Dol
| lars.
Article TX
The private property of the stock
holders and officers of this corpora
ton shall be exempt from all cor
porate debts of any kind whatsoever
Article K
The names, residences and post
| office addresses of the incorporatOrs
are:
Names Residences p. o. Addresses
l. F. Wolpe, 1409 N. Central Ave.
Phoenix, Arizona.
Weldon J. Bailey, 54 w. Portland ST.
| Phoenix, Arizona.