The new enterprise. (Madison, Fla.) 1901-1908, 1905-10-26

shingles barrels slaves, heading, lathing, sasles
blinds, Doors and a general line Of novelty wood
work; marketing and selling of wood; the buying
and selling for profit, at wholesale ana retail AL
ticuarly dry goods, shoes, hats, clothing, ETC.,
groceries, hardware, queensware, buggies, wagons
harness, all kinds of farming implements, horses,
mules and live stock OF all description, which said
\ owe de description shall embrace all kinds of perso-
nal pro .erty, and this corporation shall have the
power to deal is, manuflctur; and sell the same
for profit: building constructing and erecting rail'
roads, switches, tram roads, bridges and restles,
and the running and operating of engines and cars
and hauling of logs lumber, turpentne, etc, oyer
said railroads, tram roads, bridges, etc carving
of passengers and charging therefor; constructing
and operating telephones and telegraph lines ana
offices and facilities pertaining thereto, and charg,
~ rate or fee for the of said telephones and
igrapbic facilities This corporation shall have
the ri ,ht to conduct general brokerage business
u deal In stocks and bonds and to own stock in
other corporations This corporation shall have
the right to acquire and hold real estate, lease rent
improve, mortgage and ineuin Der the sane Inns
corporation shall have the right to do make or
Manufacture any and all things. or engage IN any
and all business or lines of business that may be
incident to, connected with, or necessary to the
carving out of the objects, ntents and purposes
aforementioned and at such times as may be expe'
dent.
It shall have, use and enjoy all of the rights,
powers and privileges granted to corporations OF
this character BY the general incorporation laws OF
the State of Florida.
SECTION Ill The capital stock of this corpo-
ration shall be Seventy-fve Thousand Dollars, di'
vided into seven hundred and fifty shares of the
par value of One Hundred Dollars share which
shall be paid for n money or IN lieu of such pay
ment in money, the same or any portion may be
paid for in property of any kind, the Just valuation
10 be fixed by the Bo ard of Directors, and twenty.
five per cent of the said capital stock shall be sub,
scribed and paid for in cash, commodities and
property equivalent 10 cash, upon the organization
.tock shall he paid when. and In such manner and
cunts Is the Board of Directors shall direct, and
said corporation shall at any time have the right to
increase said capital stock under the laws OF the
Sta e of Florida 20 not exceed One Hundred ana
r fifty Thousand Dollars.
SECTION IV.-The term for which this corpo'
ration shall exist shall be hundi ed years, unless
sooner dissolved according to law
SECTION V.-The his hest amount of indebted.
ness which this corporation shallbe subject shall
be One Hundred and Fifty Thousand Dollars, in
such manner and form rs NAV be provided by the
Bylaws to be adopted.
SECTION VI-The business Affairs of this cor
poration shall be conducted by President two
&C Presidents and Secretary and Treasurer, which
last two positions may be held by one and the same
person and the Board Of Directors shall consist Of
not less than three more than nine stockholders.
The directors shall be elected by the stockholders
at the annual meeting IN each year. or as soon as
practicable, and the directors and officers of said
corporation Shall hold office until their
duly qualified; and until the first annual meet
ing of the stockholders of the said corporation the
following named iacorporators shall be the officers
Of and conduct the affairs of the said corporation:
thaS, u brown, PRESIDENT, j. L. Haruet, lst
Vice President; a 4. Fraleigh, md Vice Presi'
dent; Secretary, T. c. Smith, Treasurer, l.. a.
Fraleigh and Chas II Brown, ]. 4. Hardee, a.
Z. Fralegh, +. c. Smith, l.. A. Fialegh, W. =.
Knight and Thos. F. Hardee shah compose the
Board of Directors. The Board of Directors shall
have the power at any time before their FIRST annd
al meeting to adopt bylaws for the regulation of
the business of said corporation.
SECTION VI-The first annual meeting of
the stockholders of this corporation, for the pur
pose Of electng Board of Directors and the trans
action of such other business should properly
come before the stockholders thereof shall be held
in the town of Madison at the Office of said corpo-
ration on the 4th day of December, A d 1905. and
on the second Monday Ia November at O'Clock,
p. M, in each and every year thereafter
thereafter practicable.
SECTION VIII Til names and places of res
idence Of the incorporstors, who have hereto sub
scribed their names, together with the amount of
| capital stock subscribed by each, are as follows:
, ]. T. Hardee of Madison, Florida, Us Shares
c. ii. Brown Of Live Oak, Florida. l25 Shares.
L. A. FIaleigh of Madison, Florida a, l25 Shares.
T. c. Smith Of Madison, Florida, rs Shares.
A, 4. Fraeigh Of Madison, Florida, Us Shares
W, p. Knight Of Madison, FLORIDA, So Shares,
T. Z. Hardee Of Madison, FLORIDA, so Shares.
| CHAS. II. BROWN,
JAS. f. HARDEE,
| A. Z. FRALEiGH,
T. c. SMITH,
L. A. fRALEIGH,
w. p. KNIGHT,
| THOS. K. HARDEE.