Arizona republican., 1921-02-01
ARTICLES OF INCORPORATION
 

THE BARROWS FURNITURE
 COMPANY
 which were filed in the office of said Arizona Corporation Commission on the 24th day of November A. D. 1920, at 3:30 o'clock D. m., as provided by law. Tn Testimony Whereof, The Arizona
 Corporation Commission. by it's
 Chairman, has hereunto set it's hand
 and affixed it's Official Seal. Done
 at the City of Phoenix. the Capitol,
 this 34th day of November \. D. 1920. ARIZONA CORPORATION COM
 MISSION.
 Amas A. Betts, Chairman.
 MARGARET 4. FERGUSON,
 Asst. Secretary.
 ARTICLES OF INCORPORATION
 We, Fred c. Barrows of 172l West Jefferson St, and Clare B. Fooshee of route six, both of Phoenix. county of Maricopa, and the state of Arizona, de- string to incorporate, under the pro- visions of the laws of the said state relating to the organization of corpor- ations do make and execute and ac- Knowledge, in accordance with the laws aforesaid. the following articles of in- corporation;
 ARTICLE ONE
 The name and style of the ;ncorpora- ton is The Barrows Furniture Con- pany, Incorporated, and it's principal place of business is Phoenix, Arizona.
 ARTICLE TWO
 The business to be conducted by said 1 corporation will be the buying, sel"Dg leasing, and transferring of all kinds of furniture and house furnishings, also all other kinds of merchandise, includ- ing automobiles and the accessories to the same, also the buying, selling, leas- ing, and transferring of real estate of every kind and character
 ARTICLE THREE The capital stock of this corporation authorized by these articles, is Three Hundred Thousand (S300, 000.00) diyid- ed into three thousand shares of S100.o0 each All of said stock which is issued shall be fully paid for, at the time of beginning business under these articles and any stock which is not so paid for. and not issued shall be held in the treasury of said company and issued under the direction of the stockholders of said company, the majority of said stock to control as it shall in all other matters pertaining to the general con duct of the affairs of said company. But in no way shall any stock he issued, which is not fully paid for, at the time of issue.
 ARTICLE FOUR The existence of this corporation shall begin. when these articles are filed with the proper authorities and a | certificate of incorporation issued thereon to these said incorporators and shall continue for the term of twenty 1 five (25) years, unless dissolved by 1 action of law or the action of the ma 1 jority of the stock as represented by its l holders. Each share of the stock of l this corporation shall represent one 1 vote and may be cast by its owner or by any other stockholder, upon the l written authority of the owner. ARTICLE FIVE The business of this corporation shall 1 be conducted by a board of directors, not more than five nor less than two; the officers shall be president, a vice l president secrtary and treasurer l Either one of said officers. may hold in addition to his office that of secre- tary or treasurer; but in no case may the same person hold both the office oi secretary and treasurer.
 J ARTICLE SIX
 The highest amount of indebtedness which this incorporation can, in any manner contract or assume is. forty per cent of it's paid capital stock.
 ARTICLE SEVEN
 The private property of the stock holders of this corporation is com pletely exempt from liability, in any manner, for the corporate debts or ob- igations of the corporation.
 ARTICLE EIGHT
 The officers of this corporation shal be elected annually. and hold their re. spective offices for the term of ont year or until their successors are duly elected; the president shall be tn, general manager of the business ana direct the general financial policy O the business.
 ARTICLE NINE
 This corporation is to and does talk over the business formerly owned ant 1 controlled by the Barrows Furnitur' ! Company, partnership located, an, doing business in the said city, count, l and state, and assumes all the liabiif ties of said partnership, and become r the owner of all the partnership prop l erty. including notes, bonds, leases accounts. choses in action and goot will of the business.
 . ARTICLE TEN
 The officers of the corporation mus be stock holders of same, except tn president. The stock of the corpora t tion is strictly non -assessable. : ARTICLE ELEVEN ; These articles of incorporation ma, g be amended at any regular meeting O Q the board of directors by majorit - vote of the paid up stock or may b | vote if a thirty day notice is given t = all the stock holders in which notic the change to be made must be full stated.
 ,, ARTICLE TWELVE No stockholder shall draw out an 4 part Of the funds of the company i ; any manner than upon a declared divi dend. which shall be made and de clared by the proper officers of tn corporation. In witness of all the abov T articles we have set our hands this 24t day of November. 1920. FRED G. BARROWS
 CLARE B. FOOSHEE = STATE OF ARIZONA
 | County of Maricopa-ss. Before me. Floyd H. Clark, q Notar Public in and for the County of Mari copa, State of Arizona. on this da
 personally appeared Fred G. Barrow r and Clare E, Fooshee, known to m to be the persons whose names ar - subscribed to the foregoing instrumen
 and acknowledged to me that the y executed the same for the purpose r therein expressed.
 Given under my hand and seal y office this 24th day of November A. I :, 1920.
 l. (SeaD FLOYD II. CLARK, J. Notary PIlbIic