Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1921-02-05
Legal Advertising

VISIONS OF IGe iaWS OF the Sald
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 Com
pany, Incorporated, and it's principal
place of business is Phoenix, Arizona.
ARTICLE TWO
\ The business to be conducted by said
corporation will be the buying, sel'ng,
leasing, and transferring If 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 ($3oO, 900 0o) divid-
ed into three thousand shares of $4,000
| 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
| five (25) years, unless dissolved by
/ action of law or the action of the ma
! jority 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, vice
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
| ner cent of IFS Maid capitaI stock
ARTICLE SEVEN
The private property of the stock
iui .,,s .. ms eorpo ,;a,-9,it eonn,
| pieleiS ~ .p iio.i III aIs
Aoe me tie solpolale uep's VI %
4 ARTICLE EIGHT
me oltlcers Oh u, TINS corporatIon snaii
be elected annually, and hoid thelr re-
SpectlVe o1Ilces Tor the term OF one
year or until their successors are ouiy
elected the president snail De 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
ARTICLE ELEVEN
These articles of incorporation may
be amended at any regular meeting OF
{ the board of directors by majority
vote of the paid up stock or may be
made at any special meeting, by a like