Arizona republican., 1921-02-02
FEBRUARY
corporation;
 ARTICT 0NE

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 (s300, ,000.00) divid- ed into three thousand shares of S100.00 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 certificate of incorporation issued thereon to these said incorporators and shall continue for the term of twenty five (35) 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 it's owner or by any other stockholder, upon the written authority of the owner.
 ARTICLE FIVE
 The business of this corporation shall be conducted by board of directors, not more than five nor less than two; the officers shall be a president, vice president, secrtary and treasurer. Either one of said officers, may hold in addition to his office that of seere- 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 plete1y exempt from liability. in any manner. for the corporate debts or ob- ligations 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 {a.n SrsaJ fine 1ri m the business.
 ARTICLE NINE l This corporation is to and does take ! over the business formerly owned and ] controlled by the Barrows Furniture l Company, a partnership located, and doing business in the said city. county and state, and assumes all the liabili- 1 ties of said partnership, and becomes 1 the owner of all the partnership prop erty, including notes, bonds. leases, 1 accounts, choses 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 1 tion is strictly non assessable. ARTICLE ELEVEN
 These articles of incorporation may ! be amended at any regular meeting of l the board of directors by majority l vote of the paid up stock or may be made at any special meeting, by a like vote, if thirty day notice is given to all the stock holders in which notice l the change to be made must be fully 1 stated.
 ARTICLE TWELVE No stoellholder shall draw out any part of the funds of the company in 1 any manner than upon declared divi- dend whichs shall be made and de- clared by the proper officers of the corporation In witness of all the above 1 articles we have set our hands this 24th day of November, 1920.
 FRED C. BARROWS
 CLARE B. FOOSHEE STATE OF ARIZONA
 County of Marieopa-ss.
 Before me, Floyd H. Clark, Notary Public in and for the County of Mari copa, State of Arizona, cn this day personally appeared Fred G. Barrows and Clare B. Fooshee. known to me 1 to be the persons whose names are subscribed to the foregoing instrument l and acknowledged to me that they 1 executed the same for the purposes therein expressed
 Given under my hand and seal oi office this 24ta day of November A. D l 1920.
 (SeaD FLOYD H. CLARK,
 Notary Public, Ca,tr