Arizona state miner., 1927-03-19
. .Dr1c,rs Of INCORPORATION

Know All Men By These PRESENTS 1naI
we the undersigned, have this day aSsocIa.eu d:e
ourselves together for the purpose OF forming
corporation under and pursuant TO tne
laws of the State of Arizona, and for that
purpose do hereby adopt Articles OF lncor-
poration follows:
shall be THE MacMILLIN INSURANCE
AND BOND AGENCY, INCORPORATED.
Article 1.-THE principal place OF busl.
ness of this corporation within the State OF
Arizona shall be at Phoenix, Maricopa Coun-
ty. State of Arizona, but it may have branch
offices and do business, and its board OF oi-
rectors may meet for the transaction OF ousl-
ness at such other places within or wlth-
out the State of Arizona may be found
necessary or convenient for the conduct OF
the business of the corporation and as the
board of directors may designate from time
to time.
Article Iu-The general nature of the
business to be transacted by this corporation
is follows
To carry on a general insurance agency
and insurance brokerage business to act as
agent for insurance companies in soliciting
and receiving applications for all kinds OF
insurance the collection of premiums and
the countersigning and delivering of policies
of insurance and the doing of such other
business as may be delegated to agents by
insurance companies.
To hold own, use, lease buy, sell and deal
in real estate and personal property, includ-
ing the capital stock of this and other cor
porations, either for itself or as agent for
others to borrow money and pledge or mort
gage its property for the repayment thereof
with interest; to act as agent for Finance
and Loan companies and to otherwise act IN
a fiduciary capacity, and in general to pos
sess and to exercise all the powers of ma
tural person necessary convenient for the
carrying out of its business.
Article IV.-The capital stock of this cor
poration shall be Fifty Thousand Dollars $780,
000) divided follows: Five Hundred shares
of One Hundred Dollars (S100.00) each.
The Capital stock of this corporation may
be issued for cash. services property, upon
such conditions and terms may be de-
termined by the board of directors who shall
have full power and discretion to fix the
value of the property service in exchange
for which stock may be issued and whose
valuation shall be conclusive.
The board of directors may sell stock for
cash at such price prices as they may
from time to time determine.
All stock shall be issued fully paid and
worcestershire.
Artivle V.-The time of the commence
mentof this corporation shall be the date of
the filing of these articles in the office s6f
the Corporation Commission of Arizona and
the recordation of certified copy thereof in
the office of the County Recorder of Mari
copa County and it shall terminate twenty
five years thereafter unless it be renewed in
the manner prescribed by law.
Article VI.-The affairs of this corporation
shall be conducted by a board of three di-
rectors; such directors shall be elected at
the annual meeting of the stockholders and
they shall hold their office until their sue
cessors elected and qualified.
Each share of stock shall have one vote to
be cast either by the stockholder by his
proxy in writing appointed.
The annual meeting of the stockholders
shall be held on the first Wednesday in
January each year.
Until the first annual meeting of the
stockholders and until their successors are
elected and qualified, the following named
persons shall be directors of the corpora
ton, to-wit:
Charles E. MacMillin, c. c. MacMillin and
c. H. Young, whose postoffice addresses
are Phoenix, Arizona.
In case of a vacancy in the board. the
surviving directors shall have authority to
fill the vacancy until an election of the
stockholders can be called to fill same, and
the directors or the survivors of them shall
have the right to fill any vacancies
zing among the officers of the company.
Bylaws for the regulation and manage
ment of the affairs of the company shall
be adopted by the shareholders and may be
amended by them at any special meeting
called for that purpose.
The directors shall be stockholders of this
corporation, and any person ceasing to be