The Ocala banner. (Ocala, Marion County, Fla.) 1883-194?, 1891-04-03
ARTICLES oFINCoRPoRATI OF
TIRE CARNEY PHOSPHATE COM
PAW


DE 1T KNOWN THAT. j.. L. Carney. E. L,
ID Carney. Joseph Hirsh, J. j. Cowan, David
Mayer, s. r. Metzger Charles j. Searles, l..
Hirsch, B. Forster, S. schwarz, Isaac Hirsch, A.
G. Britton, D. Il. Herman, David Rice, Charles Z.
Beer, D. Sinai, S. Susman, T. G. Bedford, Al.
Lowenstein, P. NJ Harding. Jonas Marx. Sam
Brown, A. S. Kuhn, n. F. Levy, Julius Ruhman,
T. n. smedes, N J. Bazslnsky J. Gusdofsr, s.
Waehenheim, Murray f. Smith. Adolph Rose,
4. g. 0'Keefe, T. E. Cooper, Henry Marx, ID. J.
Shlenker, Phil. Field, ]. W. Roos, J. II, Abrams,
II. w. Meisner. Arthur jacob, A. A. Ehrman, L.
Lucas, T. NJ Miller, with their associates and
successors have associated themselves body
polite and corporate under the name and style
of The Carney Phosphate Company, by which
name they they shall sue and be sued, contract
and be contracted with, and shall hive a COM
mon seal, which they may break or alter at
pleasure.
2ND. The domicile and place of business of
said corporation shall be on or near the lands of
the company hereinafter mentioned in the
county OF Marion, State of Florida.
3RD. The general nature of the business to be
ins ana sale 81 IA thsr raw sate az
well as the manufacture and sale of commercial
fertilizers from phosphates. And 1t shall also
have power to buy, lease or otherwise
sGSarf in ans aaan a0d may s esse
mortgage or otherwise cucumber the same
or the products thereof; and it may own
and operate steam and all other machinery for
the mining and manufacture of phosphates and
fertilizers; but all purchases shall be for cash
only unless by unanimous consent of the direc.
tors in writing, purchase on credit is autho-
rized.
4TH. The capital stock of said corporation
shall be six hundred thousand dollars $500 00000)
divided into shares of one hundred dollars each
and shall be paid for in part by conveyance to
the corporation of the following described lands,
and the phoSphates thereon, belonging to the
subscribers situated in Marion county, state OF
end nwA of sw14, see 5, tip lis, % e, and seq
of ne14, and D1s Of ma of seq OF nwH and ma
of swI of ne114o of sell Of sw of ne14, sec 20, tp
IL S. + % e, and lot, beginning at stake NV cor
Eer of s1 of e1 of sv14, sec 80, tip 16 SOUTH %,
thence 7-9l-100 chains to stake thence 6-32-l00
chains, thence chains, thence 19-25.lOO
chains thence W l-91-l00 thence 2-T-l00 chains,
thence west 10 chains, thence 10 chains to be-
ginning and sw11 of nw1z, sec 81, Up II s, IS
also lot beginning at NV corner sec s, TIP IL ST.
% e. thence 10 chains, thence 10 center of F.
c. 4 P. ioa1, thence northwesterly with road to
north boundary sec s, thence west 20 beginning
also NJ of nw14, sec s, tip IL ST % {, except 20
lis, r23e, except S-72-l00 acres also So of VIZ
of se1z sec s. tip IL S, % also ten acres, being
the ne corner Of the 40, of the wa of SEX, sec
Up Us. . g, and phosphate deposits n the the
the nw14 of the ne1 sec 20, tp IL 23 e, all OF
which in the aggregate are valued BY the 1ncor-
porators at the sum of five hundred and ninety
thousand dollars.
5TH. The business Of said Corporation shall
commence with the publication of these articles
of incorporation and said Corporation shall have
9th. The business OF said corporation shall be
entrusted to the management oil board OF seven
directors who shall be chosen at the first meeting
of the stockholders and who shall hold Office
until the LIST Monday of October, 1891, and until
their successors are duly elected ana enter upon
the discharge of their duties. and on the LIST
Monday in October, 1891, and annually there
after the stockholders shall meet at such place
as may be designated in their bylaws for the
purpose of receiving the repors of the directors
and electDg their successors; but II for any cause
the regular meeting be not held, the president of
the company or any three stock holders may call
a meeting for such purposes at y later day and
all directors shall hold their Offices until their
successors are duly appointed unless sooner re-
moved in pursuance of the corporation bylaws.
And each share of stock shall entitle the holder
meetings Of the stockholders And the Board of
Directors when chosen, shall elect from their oVR
number president, q vice-president and shall
NOV = general manager. Provided the Office of
secretary and treasurer may be held by the same
person and provided further be need not be
general manager shall be charged with the gen.
eral conduct Of the affairs and business Of said
corporation under the direction and subject TO
the control of the Board of Directors and may
authorize the employment of such other servants
and agents as may be necessary.
7th. The said corporation shall not subject It.
self to any Indebtedness in excess OF ten thous-
and dollars at any time, nor shall any indebted
ness be contracted by it exceeding five thousand
dollars at any time without the unanimous con-
sent of the directors.
Sth Said corporation may adopt and enforce
all needful by-lawssFu and regulations for the
conduct Of Its officers and employees. and the
prosecution of its business, or the hnal liquida-
ton of its affairs not inconsistent with the con-
stituon or laws of the state OF Florida, or OF the
United States. And 1t shall require its treasurer
70 give bond or other security guaranty for the
faithful performance OF his duties. in such sum
as the Board of Directors shall prescribe.
9Th. The stock or shares of said corporation
shall be transferable only on the books of the
company in such manner as may be provided .or
in the bylaws and no stock holders shall be at
liberty to sell his stock to others than existing
shareholders or 10 the company itself until ten
days refusal shall have been allowed them and IT,
in such manner as may be prescribed in the by
charge in favor Of the company, with power of
sale TO secure any Indebtedness OF the holder
n