Arizona republican., 1921-02-04
Legal Advertising

stock to control as it shall in an 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 incorpora ton issued
thereon to these said incorporators and
shall continue for the term of twenty
five (25) years, unless dissolved by
action of law or the action of the ma
iority of the stock as represented by its
holders Each share of the stock of
this corporation shall represent one
vote and may be cast by its owner or
by any other stakeholder, upon the
written authority of the owner.
ARTICLE FIVE
The business of this corporation shall
be conducted by a board of directors
not more than five nor less than two; the
officers shall be a president, a vice
president SECRETARY and treasurer
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 of
secretary and treasurer.
ARTICLE SIX
The highest amount of indebtedness
which this Incorporation can, in any
manner contract or assume is, forty
per cent of its 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 OBJ
legations of the corporation.
ARTICLE EIGHT
The officers of this corporation shall
be elected annually, and hold their re-
spective offices for the term of one
year or until their successors are duly
elected; the president shall be the
general manager of the business and
direct the general financial policy of
the business.
ARTICLE NINE
This corporation is to and does take
over the business formerly owned and
controlled by the Barrows Furniture
Company, a partnership located, and
doing business in the said city, county
and state, and assumes all the liabili-
ties of said partnership, and becomes
the owner of all the partnership prop
erty, including notes. bonds, leases,
accounts, chooses in action and good
will of the business.
ARTICLE TEN
The officers of the corporation must
be stock holders of same. except the
president. The stock of the corpora
ton is strictly worcestershire.
ARTICLE ELEVEN
These articles of incorporation may
be amended at any regular meeting of
the board of directors by a majority
vote of the paid up stock or may be
made at any special meeting, by a like
vote if a thirty day notice is given to
all the stock holders in which notice
the change to be made must be fully
stated.
ARTICLE TWELVE
No stakeholder shall draw out any
part of the funds of the company in
any manner than upon a declared divi-
dend. which shall be made and de-
clared by the proper officers Of the
corporation. In witness of all the above
articles we have set our hands this oath
day of November. 1920.
FRED G. BARROWS
CLARE B. FOOSHEE
STATE OF ARIZONA
County of Maricopa-ss.
Before me, Floyd H. Clark, a Notary
Public in and for the County of Mari
copa, State of Arizona, on this day
personally appeared Fred G. Barrows,
and Glare 3. Fooshee. known to me
to be the persons whose names are
SUBSCRIBED TO the foregoing instrument,
and acknowledged to me that they
executed the same for the purposes
therein expressed.
Given under my hand and seal of
office this oath day of November A. d.
1920.
(SeaD FLOYD H. CLARK,
Notary Public,
Maricopa County.
My commission expires May goth, 1922.