The Pensacola journal., 1906-04-14
w. w. WATSON,
C. w. PARKER,
E. L. REESE.
PROPOSED CHARTER or WAT
SON, PARKER & REESE
HOMRANV


! SON, PARKER & REESE
COMPANY.
The undersigned hereby associate
| themselves together for the purpose
Of becoming incorporated and forIA.
! ing a corporation under and by virtue
of the laws of the State of Florida
with and under the following pro-
posed charter.
1. The name of this corporation
shall be Watson, Parker & Reese
Company, and its business shall be
conducted in the City of Pensacola IN
the State Of Florida, and in other
! cities of America, and in foreign
countries, whenever necessary or con-
Yenient. The principal office of this
corporation shall be in the City of
Pensacola, County of Escambia, and
State of Florida.
III. The general nature of business
to be transacted by said corporation
shall be to buy, sell, handle, manufac-
ture and deal in dry-goods, notions,
shoes, clothing, sundries, gents fur
nishings, hardware, hay, grain and
feed, fruits and produce, and other
kinds of merchandise; naval stores,
agricultural products, teas, eoffees
and spices; to buy, sell, mortgage
and lease lands and other real
estate; to act as agents, brokers or
commission merchants in dealing in
any or all of the commodities afOre-
said; to borrow money. and to secure
same by the giving of notes, bonds
mortgages. deeds, or other obliga-
tions therefor; to buy, sell, or hold
stocks and bonds of other companies
or corporatins; to receive payment
for the capital stock subscribed for
in money or in property at a just
valuation thereof in the cOnsidera-
ton or judgement of the board of di-
rectors; and generally to exercise
such powers as may be incident or
convenient to the proper conduct OF
the business of said corporation, and
to have, exercise and enjoy all the
rights, powers and privileges incident
to corporations organized and exist
ing under and by virtue of the laws
OF the State of Florida.
III. The amount of capital stock
of said corporation shall be twenty
five thousand dollars ($25,0OO.OO) di.
vided into two hundred and fifty C25O)
shares of one hundred dollars
(s100.00) each. Ten per cent. of saiG
capital stock shall be subscribed and
paid for before said cOrportion shall
transact any business All or any
part Of said capital stock of said cor
roration may be payable or issued
for the purchase of property at a.
just valuation thereof to be fixed by
the board of directors at any annual
meeting or meetings to be called for
that purpose.
". The term for which said cor
poration shall exist shall be for nine
ty-nine (99) years.
" The business Of this corpora
tion shall be conducted by the follow
ing officers: a president. vice-presi-
dent, secretary and treasurer. and a.
board Of three directors.
The offices of secretary and vice
president may be held by one and the
same person. The number of direc-
tons may be changed from time tol
time by the Bylaws, but at no time
shall be less than three, nor mere
than five.
The board of directors may appoiGsI
other officers and agents of this cor
poration having such powers, duties
and terms of Office, same 10 be pre-
scribed by the Bylaws.
The directors shall be elected byl
the stockholders at each annual
meeting. All other officers of this
corporation shall be elected annually |
by the directors at a meeting 10 be!
held on the same day.
The offices of president, vice-presi- |
dent, secretary and treasurer being
filed from among their number.
The annual meetings of the corpor-
alton shall be held on the first Mon |
1ay in March of each year. The dateI
of the annual meetings may be
changed by the Bylaws.
The incorpOratOrs shall meet on \
the fourth day of March, 1907, being
the first annual meeting, at the Office
of this corporation. in the City of
Pensacola, Escambia County. Florida.
at eleven O'Clock, a. m, for the pur-
nose Of adopting Bylaws, holiingl
the first election Of officers and com
pleting the organization Of this cor
ponation.
Until the officers are elected at the /
hrst annual meeting, and shall be-
Qualified. the business of this corpor-
alton shall be conducted by the fol- I
lowing officers: w. w. Watson presi- /
dent: G. w. Parker, vice-president: /
G. w. Parker, secretary, and E. L.
Reese. treasurer. with w. W. Watson.
G. w. Parker and =. L. Reese as d. !
rectors.
VI. The highest amount of indebt-