The new enterprise. (Madison, Fla.) 1901-1908, 1905-12-28
ARTICLES OF INCORPORATION OF
SMITH MERCANTILE COMPANY.

For the purpose of organizing body corporate
under the laws of the state of Florida for the pur-
! poses herein stated, the undersigned subscribers
for the stock OF the corporation hereinafter named
do enter into the following articles ofincorporatlon
ARTICLE 1.-THE name Of this corporation
and its principal place of business shall be carried
on at Madison, Madison coInty, Florida
ARTICLE 1.-THE general nature of the bust
ness TO be transacted by this corporation shall be
that of dealer in general supplies and merchandise
the buying, mortg aging selling and otherwise dis
posing of, at wholesale RETAIL on its own account
ar for others, for cash credit of goods wares
supplies or merchandise, espec ial dry goods no.
tons, shoes, hats, gents furnishings millinery
hardware, queensware groceries. furniture. bar
ness, all kinds of farming implements and utensils
horses, mules, cattle, hogs and all other kinds of
scription. fertilizers of all kinds and chemicals for
compromising the same furs, hid $, feed, ha
gram. cotton; poultry, eggs and farm products of
whatsoever description; TO purchase, hold, SELL
improve, mortgage and dispose of other personal
property of every description and kind; to acquire
noiu' ira'e improve mortg ge, rent, sell or other
Tor others, for cash or on credit; to lend money
urchase, hold, sell or otherwise dispose of nepot.
able instruments TO take mortgages on personal or
real property or BOTH and all other kinds of secu.
rity incident to business of this nature and to
engage in all business enterprises of whatsoever
character incident to connected with the forepo
my objects, when necessary from time to time, in
order to carry out the intent and purpose of this
corporation.
ARTICLE III.-The capital stock of this corpo.
ration shall be Fifteen Thousand Dollars TO be di
vided into shares OF One Hundred Dollars each.
payable in lawful money Of the United States or in
lieu OF such payment in money. the same or anv
part thereof, may be paid in property labor or ser
vices, at just valuation to be liked by the Board
OF Directors at meeting to he called for that pur
pose. All OF the capital stock to be paid in full
before this corporation shall be authorized to do |
business The capital tick may be increased from |
lime to time 10 sum not exceeding One II ,ndr d |
thousand COLLARS according to the provisions of |
Iiw.
ARTICLE IV.-The term for which this corpo. |
ration is to exist shall be ninety -1ne wears.
ARTICLE N.-The business this corporation
shall be conducted and managed BY board of
Directors to consist of three stockholders each Of
whom must own in his own right at least one share
OF the capital stock this corporation President
Vice President who shall also be TT, ssurer. a
secretary and such other officers and clerks as NAV
be neces airy to transact It's business The Board |
of Directors shall be elected anrua ly by The |
stockholders az meeting to be helu at the place of
business OF this corporation on the second Tuesday
OF January Of each and every year. but il no election
shail De held on that dav i may be held on another
uay 70 the provisions of law, and all eec.
by laws. :" '"e
QThe Board of Directors a majority of whom
shall be quorum to do business shall elect one Of
shall hold his ohce, unless he shall Be disqualified.
or be sooner removed by two thirds vote of all
the members OF the Board. for Z term for which
he was elected. The Board of Directors shall ais.
elect Vice President and Treasurer who shall be
authorized in the alb euce inability of the Presi
dent from any cause to perform al acts and duties
pertaining to the Office Of President except such az
The President only is authorized by law to perform
ind TO elect or appoint Secretary, and such other
,nncers and clerks as may be required to transact
NE business OF this corporation; to fix the salaries
o De paid them, 10 continue them in Office or 10 :
1isniss them as in the opinion Of majority Of the
Board the interests OF this corporation NAV
iemand may ,
The Board of Directors shall have power TO de.
Inc the duties of the officers and clerks of this cor
'orauon, to regulate the manner IN which elections
4 directors shall be held make all bylaws for
he general regulation of the business Of this cor
'orauon and the management of its affairs, and
Generally to DO and perform all acts that il may be
egal for a board of directors to do and perform
nder the laws of the State OF Florida.
Until the first election OF officers as above provi.
ca Tor shall take place and until their successors
nan pe qualihed, the business Of this corporation g
hall be conducted by the following named oficers 4
q Sharon, President; s. Alex Smith Vice Pres 5
lent and lreaspFer, and Walter Bunting, Secrsta. p
!. aud ! G, sharon, 4 Aies Smith and Walter "
'untnP shall eoiistitre tht Bard Of Directors. 2
ARTICLE Va. .zthe n hest amount Of in. o.
ebtedness y Han.hty 20 winch this corporation a,
" az any Time p1cef " 4 shall be the amount OF
Foriy.hve rhoNisand dollars
ARTICLE VI Tbs names and places OF resi-. q
ence oftAf 49, fiiess hereto and the amount az
oek sRse1i<finyr a Of them, are as follows
J. g Shftsn;te iey Florita, Seventy. four .
s AZ smith. alison, Florida, seventy-four :