Live Oak daily Democrat. (Live Oak, Fla.) 190?-190?, 1906-10-03

hardware and to have all power nee
essary and incident to q general
Wholesale and retail business; to deal
in stocks, bonds. notes, mortgages
and all evidences OF indebtedness.
Sec. 2. The corporation shall have
and enjoy all power, rights and priv
ileges OF corporations of this class
under the laws Of the State of Flori-
da. To sue and be sued In its cor
porate capacity; to contract and be
contracted with; to issue certificates,
stocks and bonds for the corporation;
to deal in judgments and DEGREES and
to do all those things not inconslst-
ent with its charter and not incon-
sistent with the corporate laws of
the said State Of Florida.
Capital Stock.
ARTICLE III.
Section /. The amount of the
capital stock authorized by the cor
poration shall be Sixteen Thousand,
($16.o00) dollars, divided into One
Hundred and Sixty Shares of the par
value of One Hundred (;1OO.OO) dol
lars each. Ten per cent. of said capital
stock shall be paid for in cash, or
collaterals equivalent to cash, before
the corporation shall transact any
business, and the balance of said cap
ital stock shall be paid in at such
time and in such manner as the
Board of Directors may require. And
certificates Of stock shall be issued
to the respective stock holders upon
the payment of ten per cent. of the
capital stock by said stock holders
as represented by shares held by
each stock holder SO paying. The
form Of said certificate shall be pre-
scribed by the bylaws OF the cor
poration.
The Term For Which The Corpora.
ton Shall Exist.
ARTICLE w.
Section L. The corporation shall
exist and continue for a period of
Ninety-nine years unless sooner dis
solved according to law.
Onicers by Which The Business Is to
Be Transacted.
ARTICLE v.
Section 1. The business Of the
corporation shall be conducted by and
under the control and management
OF Board of i've directors, a presi-
dent, vice president, secretary,
treasurer and general man
ase-. Provided that the Of
fees of secretary and treasurer may
be filled by one and the same person;
and provided that the number of
directors may be changed from time
to time by the laws of the corpora
ton, provided that there shall be
at no time less than three directors
nor more than Eve.
Sec. 2. All OF said directors and
officers shall be chosen from ameng
the stock holders of the corporation
at the annual meetings of the stock
holders to be held in the City of Live
Oak, Florida, on the first Tuesday
in November of each year, each stock
holder having as many votes as he
has shares paid for in the corporation
and until the next said annual cleo
ton, and until their successors are
elected and qualified. The directors
shall be T. S. Baisden, of Live Oak,
Florda; C. H. Brown, of Live Oak,
Florida; F. H. Bremen, of Live Oak,
Florida; r. ]. Taylor, Of Live Oak,
Florida; and A. Lee Humphreys, of
Live Oak, Florida; and until the next
annual election and until their sue
cessOrs are elected and qualified. T.
s. Baisden, of Live Oak, Florida,
shall be president; B. w. Helvenston,
of Live Oak, Florida, shall be vice
president; A. Lee Humphreys, OF Live
Oak, Florida, shall be secretary and
treasurer and F. H. Bremen, of Live
Oak, Florida, general manager. The
duties of the said officers and direct