Live Oak daily Democrat. (Live Oak, Fla.) 190?-190?, 1907-11-30
Copy of Charter.

Article l. The name of this cor
poration shall be Brown-Thomason
Drug Company, with its place of bust
ness in the city of Live Oak, Florida,
together with such other branch Of
fees in said State or United States
as may be determined upon by the
Board of Directors of said corpora
ton.
Article 9. The general nature of
the business or businesses to be tran
Sacted by said corporation shall be
general retail drug business, includ-
ing the buying and selling for profit
of all drugs, chemicals, toilet articles,
and each and every other goods,
wares and merchandise usually car
ried in a business of like character;
to maintain and operate for profit a
wholesale drug business including
the manufacture of drugs and chemi-
Gals, and all other articles incident to
said business; TO maintain and oper-
ate for profit a retail and wholesale
mercantile establishment, engaging
therein in the buying, manufacturing
and sale of all classes of commodities
incident to said business; to buy,
own, rent or otherwise use and dis
pose of real estate, houses and lots
and timber lands; to enjoy all the
benefits, privileges, rights and fran
chises guaranteed by the laws of the
State of Florida, in the conduct of
the aforesaid business.
Article 3. The amount OF the
capital stock of said corporation shall
be Ten Thousand Dollars ($10,OOO,
consisting of one hundred shares,
which said shares shall be OF par
value of one hundred dollars ($10O)
per share, and said capital stock may
be paid for in cash, merchandise,
labor and services, all of which shall
| be approved in value by the Board OF
| Directors; said capital stock may be
increased in the discretion of said
| corporation in the sum of Twenty
I five Thousand Dollars ($25 ,OOO) ten
per cent of which said capital stock
shall be paid in to said Company be-
| fore the issuance OF Letters Patent.
Article +. The term for which
this corporation is to exist shall be
ninety-nine years
! Article 5 The regular annual
| meeting Of the stockholders of said
| corporation shall be held in the Office
| of the Company in Live Oak, Florida
! on uSSu&S dllCl NhC 81 -
January of each year, at which time
said stockholders shall elect Board
of Directors. and attend to such other
matters as shall properly come be-
fore said stockholders in meeting as
sembIed; and the Board of Directors
elected by said stockholders at said
time, as soon thereafter as practical
shall elect a President, Vice-Presi
dent and a Secretary and Treasurer
the last OF which two Offices may ot
held by one and the same person, and
at such first annual meeting thE
Board Of Directors elected as afore
said shall adopt bylaws for the gov
erument Of the affairs OF said cor
poration, and until and before saic
first annual meeting. the business OF
| businesses of said corporation shall
be conducted by a President, vice
| President and a Secretary and treas
urer. and until said meeting, {. .
| Brown, Live Oak, Fla, shall be Presi
dent: r. E. Thomson, OF Live Oak
| Fla. shall be Vice-President, and W
| /, Timer, Live Oak, Fla, shall be
| Secretary and Treasurer; and all oil
| the undersigned incorporators, to-