The Chipley banner. (Chipley, Washington County, Fla.) 1893-1943, 1904-03-03
PROPOSED CRATER or AFFORD
BROTH EKS COMPANY.

-
BROTH EKS COMPANY.
The undersigned hereby associate them
serves together for the purpose Of becoming
incorporated and forming a corporal ion
under and by virtue OF the laws of the
State Of Florida, with and under Tue fol-
lowing proposed charter;
TIA name If this corporation shall be
Afford Brothers Company, aud its business
shall be conducted in the state OF Florida
and other States Of the United states Of
America aud foreign countries wherever
necessary and convenient Tne principal
office Of said corporation shall be in the
town Of Chipley, Washington county.
Florida.
2.--The general nature of the u ,ihess to
be transacted 10y said corporation shall be
to buy, sell, own, mortgage. lease, ex
change and develop lands and to build upon
aud Improve the same; TO manufacture,
produce. buy, sell and deal in naval stores
lumber. crUsstits and ali articles and prod
ucts manufactured or derived from piue,
cypress and olh,T timber; to buy, sell. own,
operate aud conduct turpentine farms and
stills, retO Is and rOsin oil stils, saw mills,
planning mills and shiBgle mills, staNe mills
or other wood working plants; to pr'duce,
mine, manufacture, buy, sell ana deal IN
phOsphaies. petroleum oils and products
and by products thereof: TO buy. raise and
sell cattle and live stock produce and deal
lande either for IT'S own account Or on com
mission for pasturage, cattle ranges and
agricultural purposes; 10 buy. sell, manu-
ficture. handle and deal in groceries, dry
goods, h.rdware aud all Kinds of mer-
chabdise, naval stores an1 agricultural
products for is own account ana on c. M
mission in any part OF the United states Of
America and foreign countries; 10 build,
lease, manage, own, control, hire. charter
and operate vassels. tramways. railways,
and other means Of transpOrta ion of prop
ertv or products held, owned or controlled
by this corporation or other persons or cor
pOrations in connection with any Of the
business of this corporation, but not 10 use
the said means of transportation for the
purpose Of doing the business OF a common
carrier; to erect, own, control and operate
telephone and telegraph lines for the use OF
this corporation but not fol hare. 10 lend
money on notes, stocks, bonds, lands and
personal property and securities Of all
kinds; 10 buy sell, receive, own. deal in.
hold for investment or otherwise dispose of
and make advances upon stocks, shares,
bonds, securities or obligations Of any other
corporations wherever located or organ
IL q, and while holding or owning same 10
txer,;ise all the rights and privileges aud
voiing powers pertaining thereto: TO re
ceive payment for all or any part of the
capital stock subscribed in money. prop
erty, labor or services at a just valuation
tn, reOf In the discretion Of the Board Il
Directors; 10 have a lien upon all the shares
of anv stakeholder who may become in
debted to this corporation. either individ
ualN, as copnrtner. surety, or otherwise,
with the right to sell and dispose of such
stock, or such portion thereof Ms may he
necessary 10 pay of such Indebtedness, vt
either public or private sale. and up N such
notice aud terms Ms the Board Of directors
ma, p escribc, and with the further right
to refuse to transfer such stock untii full
payment Of all such Indebtedness; and to
make such bylaws in fiirtherance hereof
as may be deemed best; and to have and
TO exercise such powers as may be incl
dent or convenient TO the business of said
corporation, and all Of the rights, powers
and privileges OF corporations organized
under the laws OF Florida.
The foregoing clauses shall he construed
as both independent objects and powers. 4.
3.-The amount OF capital stock of said
corporation shall he 500, 900, to be divided
int1 1000 shares ~ the par value Of $l00
each. A u or amy part of the capital stock of
said corporation, Including the stock sub.
scrihed for by the incOrpOratOrs. may be
PAYABLE In or Issued or used for the .pur-
chase Of property, labor or services ~ a just
= luatI0n thereof 10 be fixed by the Board
of Directors AT meeting to be called for
that purpose.
4--The term for which said corporation
shall exist shall he fifty years.
b.-fhe business of said corporation eh all
be conducted by the following oficers:
President, Vice rresideni, a secretary.
Treasurer. and a Board Of Five Directors.
The offices Of Secretary AID Treasurer NAV
be ned by the stme person; the number OF
Directors may lie changed from time 20
time by the by laws, but nc no time shall
be less than three or more than thirteen.
The Directors shall be elected by the stock
hn'ders AT eifrh ANNUAL meeting. All other
officers shall be elected annually by the
Directors. The annual meeting of the cor
pOraticn shali he held on the second We'd
nesday In January OF each year at eleven
O'Clock, a, M, unlvss otherwise provided ia
the By a rs. The incOrpOratOrs and Dlrec.
lors shall neei al the office OF said corpO-
ration, In the town of ChipleY, Washington
county, Florida, on the BIRD day Of|Marcht
| %, AT eleven O'Clock, "a. M. for the pun
pose Of adopting bylaws. completing the
Organizat on Of this company, aud trans
acting any other business hat may come
before such me, ting Until the officers
elected AT the first annual meeting shall be
qualified, the business ~ this corporation
shall be conducted by the following OH. |
cersS ;. A. Afford rs President, A. A.
NJ yers, Jr., MS Vice President. A. SessOms
ne secretary and Treasurer. and ;. A. Al
ford. A. A. Myers, Jr w. III Faux, } II.
Afford and A. Seasons Ms Directors.
0--The highest amount Ot Indebtedness
TO which this corr OrnliOn NAV at any time
subject itself shall be 500, 900
I. The names and residences ~ the sub
scrlblrg incOrpOratOre OF the corporation. !
together with the amOnnt Of stock sub |
scrlbed for by each OF then. are as follows:
5. A. Afford, residing In Chipley, Florida.
$40 shares; A. Sessnns, residing az Bnh- |
fay. Florida. 400 shares, A. a. N, ers. Jr.,
residing 81 COtiOndale. Florida, 400 shares;
w. III. Faux. y siding IN Chipley, Florida, |
100 shares; y Il. AfDrd, residing al Hart |
ford, Alabama, 200 shares.
y A. ALFoRD,
A. SEssOMs.
A. A. MYERS. JR.,
W. II. FAUX.