Arizona republican., 1921-02-06
Legal Advertising

Legal Advertising
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. 1eas-
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.o0) divid-r
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 1t 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
thereon to these said incorporators and;
shall continue for the term of twenty y
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 -ors
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.
APTTCT r. FIVE ssH
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
president, secrtary 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 IL. forty
per cent of its paid capital stock.
ARTICLE SEVEN IA
The private property of the stock
pietely exempt from liability. in afy
manner. for tho 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 ono
year or until their successors are duly
elected; the president shall be tho
general manager of the business and
direct tho general financial policy OF
the business a-ss
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 liabilf-
ties of said partnership. and becomes
the owner of all the partnership prop
erty, including notes, bonds, ieasess
accounts, chooses in action and good
will of the business.
ARTICLE TEN
The officers of the corporation must
president The stock of the corpora
| ton is strictly worcestershire.
ARTICLE ELEVEN
These articles of incorporation may
be amended at any regular meeting CT
the board of directors by q majority
vote of the paid up stock or may be
| made at any special meeting, by like
vote IL thirty day notice 10 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 divt-
dend, which shall be made and de-
clared by the proper officers OF this
corporation. In witness of all the above
articles we have set our hands this cath
day of November, 1920.
FRED G.. BARROWS
CLARE B. FOOSHEE :,
| STATE OF ARIZONA
County of Maricopa--ss-
Before me, Floyd H Clark, Notary
Public in and for the County Of MARI
eopa, State of Arizona, on this day.
personally appeared Fred @. Barrows.
| and Glare B. Fooshee. known to- me
| TO be the persons whose names arc.
1 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 gath day of November A d.
1920.
4 (SeaD FLOYD H. CLARK.
Notary Public.
| Maricopa County.
/ My commission expires May goth, 1921