The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1906-03-23
MorlcE o. INcoRPoRATIoN.

state Of Florida at Tallahassee,
Florida, on the twelfth day of April, A.
D. 1906, for letters Patent incorporat'
ing THE J. r. SAUNDERS COM
PANY, under the following proposal
charter, the original of which is now
OH file in the Office Of Secretary OF
State of the State of Florida.
THE UNDERSIGNED SUBSCRIB-
Frs do hereby make application for
Letters Patent. incorporating us and
our associates into corporation in
accordance. with the laws Of Florida,
under the following Charter:
1.
The name of the corporation shall
be The J. r. SAUNDERS COMPANY,
and the principal Office and place of
business, Pensacola, Florida with
branch Offices and places of business
at such other places as may become
necessary in the conduct Of said bust
ness.
2.
The general nature of the business
to be transacted shall be the buying
and selling Of naval stores products
and dealing in such naval stores
products generally, as factors and on
commission; brokerage; buying, sell
ing and leasing timbered lands and
other real estate; owning and Operat-
ing tramroads; owning and operating
steamboats,, tugs; barges, schooners
and other vessels; acting as agents
for others in doing any of the acts
and things herein mentioned, and do
ing all other acts and things Incl.
dental and profitable to said business.
The amount of capital stock shall
be FIVE HUNDRED THOUSAND
DOLLARS $500, 600. 1O), divided into
shares of One Hundred Dollars
in cash upon the call of the directors.
4.
The said corporation shall exist for
ninety-nine (99) years from the date
OF granting Letters Patent to it.
5.
The business shall be conducted by
board of directors, said board to be
composed of not less than nine, nor
more than thirteen directors, as pro-
vided by the bylaws; president, two
o. more vice-presidents, as provided
by the bylaws; a secTetaTy-treasurer
and an assistant ecretary-treasurer.
The directors shall be elected annually
at the meeting of the stockholders to-
be held on the third Wednesday in
January Of each year, and the officers
shall be elected by the board of IL
rectOrs at a meeting to be held on the
same day Until the first election, ].
R. Saunders shall be President; ]. G.
Pace AND G. H. Barnes, Vice-presi-
dents, and j. L. Head, Secretary
Treasurer. and D. r. Saunders, assist
ant Sacretary-Treasurer; and ]. r.
Saunders, ]. @. Pace, ]. H. Pace, r. F.
Mitchell, c. H. Barnes, John A
Ewing, j., B. Newton, ]. H Smith
wick, W. G. Vereen, w. H Barber
and Buckner Chip1ey shall constitute
the Board of Directors.
The highest amount Of Indebtedness
to which the corporation can at any
time subject itself, shall be One Mil
lion Dollars $4,000, 100000.
Z.
The names, residences and amounts
subscribed for by each subscriber, are
as follows:
J. R. Saunders, Pensacola Fla,
1000 shares, $10O,O00.00.
J. G. Pace, Pensacola, Fla, ESQ
shares, $25,00O.00.
j. H. Pace, Pensacola, Fla, ESQ
shares. $25.0O0.00.
R. F. Mitchell, Pensacola, Fla, ESQ
shares, $25,OOO.OO.
G.. II. Barnes. Jacksonville, Fla. $50
shares, $25,0O0O0.
John A. Ewing, Lumberton, Miss,
100 shares 100000
j. H. Smithwick, Pensacola, Fla, 100
shares, 100000.
w. G.. Vereen, Moultrie, Ga, 100
shares. 100000.
w. H. Barber, Moultrie Ga, 100
ehares, 100000.
BucFner Chipley, Pensacola, Fla,
$50 shares, $15,00O.00.
]. B. Newton, Poplarville, Miss, so
shares, $5,O00.0O
D. r. Saunders, Pensacola, Fla, so
shares. 100000.
Total shares.
IN WITNESS WHEREOF, the be
fore mentioned subscribers have here
unto signed their names.
y. R. SAUNDERS,
J. G.. PACE,
J. H. PACE,
r. F. MITCHELL
G. H. BARNES,
y. A. EWING,
J. H. SMITHWICK,
w. G. VEREEN,
w. H. BARBER,
BUCKNER CHIPLEY,
J. B. NEWTON,
D. R. SAUNDERS.
State of FlOrida,
County of Escambia.
Before the subscriber, a Notary
Public in and for said State and
County, personally appeared J. R
Saunders, d. R. Saunders, r. F.
Mitchell. ]. H. Smithwick and Buck
ner Chipley, known to me to be the
individuals described by said names.
and acknowledged that they executed
the foregoing instrument for the uses
and purposes therein set forth.
Given under my hand and Official
n 1ooa