The Palatka news. [volume] (Palatka, Fla.) 1905-1908, 1907-04-12
Proposed Charter Of the Castle I'm
Der & Naval Stores Company.
ARTICLE


The name of this Corporation shall De
CASTLE TIMBER & NAVAL SIOhbS
COMPANY, and its principal place OF DusI-
ness shall be Mt Long Station, Futlhii
County, Florida.
ARTICLE II.
The general nature of business or DUST
nesses OF this Corporation shall be the DuH
ing. selling, leasing, operating, controlling
and holding of pine timber lands anu c!P
ress timber lands, and other Janus III WY
State of Floridu. The purchase, suie, manu-
facture and manufacturing, cutting ana
saving of pine lumber ana logs ana cypress
lumber and logs. The manufacturing llh ,n,
ing, buying and selling oil turpeltlhe' ro slil'
naval stores and by-products OF the SAINT;
The owning, building, buying. running anu
operating OF mills, buildings, tram anu
steam roads and turpentine SUITS, ana ,E EEe
altering and repairing OF the SAINT. Inv
buying and selling of all kinds OF merchan-
disc. The buying, selling holding ana IN
proving of all kinds OF real estate, anu tle
buying, holding and selling any olnel
property in the State OF Florida, IN the
United states OF America. or in any foreign
country, and to do such other business as
may be necessary at any time
ARTICLE III.
The amount of Capital Stock of this Cor
poratiOn shall be fifty thousand dollars
and its said Capital stock shall be divided
into five hundred shares, and the par value
of each share of said Capital STOCK shhil
be one hundred dollars. said Capital STOCK
being all subscribed, ten per cent OF SAINT
has been fully paid in, and SAID shhres ol
said Capital stock shall be non assessaDle'
ARTICLE ".
This Corporation shall continue to be and
exist perpetually unless dissolved according
to law. -
ARTICLE V.
The business or businesses of this Corpo-
ration shall be conducted and managed by
President, Board of five Directors, Il
Secretary, Il Treasurer, and General Man
| nger. A..
The Directors shall be elected by the
Stock Holders at each annual meeting, ana
which annual meeting OF said Stock, Hold-
ers shall be held on the first Tuesday IN
March OF each and every year, and said d.
rectors shall hold their offices for the term
of one year, or until their successors snail
| be duly elected and qualified.
The President, Secretary, Treasurer ana
the General Manager, shall be elected by
| the Board OF Directors from among the
Stock folders except the President, who
shall be chosen from the Board OF Directors,
at meeting held Immediately after the al =
| iournment of each annual meeting OF the
| Stock H olders, and said Officers shall be
elected for the term of one year. or until
their successors shall be duly elected ana
qualified.
The preliminary business or businesses OF
this Corporation is to be conducted by W.
H. Cook, President, and r. Q. Middleton,
General Manager, both OF Pomona, Florida,
and w. H. Ellis OF Platteville, Wisconsin,
nois, or by n majority of the same, until
such time as this Corporation shall be leg
ally organized and chartered according to
| the laws OF the State OF Florida, and Its
| first annual meeting held, at which annual
meeting an election OF the permanent
officers, as are provided for in the Bylaws
and the Charter OF the Corporation, Will be
held.
ARTICLE VI.
The highest amount ofindebtedness of lla-
bility to which this Corporation can at any
time, subject itself shall be one hundred
thousand dollars, ($l0O,0O.OO).
ARTICLE VII.
The names and residences of the subscrib-
ers of this Corporation and the number OF
Shares of stock subscribed for by each are
as follows:
w. H. Cook Pomona, Florida, thirty
shares of said stock.
r. G. Middleton, Pomona, Florida, one
hundred and fifty shares.
w. H. Ellis, Platteville, Wisconsin, thirty
shares.
Fred Wins, Quincy, Illinois, fifty shares.
o. H. Castle, Quincy, Illinois, fifty shares.
O. Il. Cook, Pomona, Florida. thirty shares
William Viewers, Quincy, Illinois, twen-
ty shares.
@. @. Alvers, Pomona, Florida, one hun
dred shares.
George H. A. Fisk, Pomona, Florida,
twenty shares.
G. W. Otterson, Pomona, Florida, twenty
shares.
w. H. COOK,
r. O. MIDDLETON,
w. H. ELLIS.