Arizona republican., 1921-02-03

8 30 o'clock p. m., as provided by law. In 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 24th day of November A. D. 1920. ARIZONA CORPORATION CoM- MISSION.
 Amas A. Betts, Chairman. Attest:
 MARGARET A. FERGUSON,
 Asst Secretary
 ARTICLES OF INCORPORATION
 We, Fred c, Barrows of 1721 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 lIo- visions of the laws of the said stare 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- tion 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, 900 00) divid- ed into three thousand shares of $10000 each. All of said stock which is issued shall be fully paid for, at the time oi 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 timt ! of issue
 ARTICLE FOUR The existence of this corporation shall begin. when these articles ar, filed with the proper authorities and [ l certificate of incorporation issued thereon to these said incorporators anC ] shall continue for the term of twenty 1 five (25) years, unless dissolved b, l action of law or the action Of the ma l jority of the stock as represented by it: holders. Each share of the stock O this corporation shall represent on, 1 vote and may be cast by it's owner ol by any other stockholder, upon th' written authority of the owner. ARTTCsT Ia FIVE The business of this corporation shal 1 be conducted by board of directors mot more than five nor less than two; thu 1 officers shall be a president, a vic' president. secrtary and treasurer 1 Either one of said officers, may holt in addition to his office that of secre 1 tary or treasurer; but in no case ma, l the same person hold both the office O secretary and treasurer.
 ARTICLE SIX
 The highest amount of indebtedness which this incorporation can, in an. manner contract or assume is. fort. 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 an, 1 manner. for the corporate debts or ob 1 igations of the corporation.
 A
 The officers of this corporation shal be elected annually, and hold their re spective offices for the term of on year or until their successors are dul, elected; the president shall be tn general manager of the business am direct the general financial policy o the business.
 ARTICLE NINE
 This corporation is to and does talk AL. rlxy controlled by the Barrows Furnitur Company. a partnership located. an doing business in the said city, count and state, and assumes all the liabili ties of said partnership, and become the owner of all the partnership prop erty, including notes, bonds, leases accounts, choses in action and goo will of the business.
 l, ARTICLE TEN The officers of the corporation mus be stock holders of same, except tn president The stock of the corpora tion is strictly non -assessable. ARTICLE ELEVEN
 These articles of incorporation ma be amended at any regular meeting c the board of directors by a majorit vote of the paid up stock or may b made at any special meeting, by a lik vote, if 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 part of the funds of the company i any manner than upon declared divi { dend which shall be made and de clared by the proper officers of tn corporation. In witness of all the abov articles we have set our hands this 24t f day of November, 1920.
 FRED G. BARROWS
 CLARE B. FOOSHEF STATE OF ARIZONA
 County of Maricopa-ss.
 Before me. Floyd 1T. Clark, a Notar [ Public in and for the County of Mari : copa, State Of Arizona, on this da personally appeared Fred c, Barrow ] and Clare B. F'ooshee known 10 m to be the persons whose names ar subscribed to the foregoing instrumen [ and acknowledged to me that the