The Palatka news. [volume] (Palatka, Fla.) 1905-1908, 1907-03-15
Proposed Charter of the Castle Tim
Der & Naval Stores Company.

AltIltLE /.
The nome Of this Cooperation t shall rie be
CASTLE TIMBER ~ NAVAL STORES
COMPANY, and its principal place OF bus1
ness shall be mt Long station, Putnam
County, Florida.
ARTICLE II.
The general nature of business or busi'
nesses of this Corporation shall be the buy
ing, selling, leasing, operating, controlling
and holding of pine timber lands and cyp'
ress timber lands, and other lands in the
state of Florida. The purchase, sale, manu-,
facture and manufacturing, cutting and
saving OF pine lumber and logs and cypress
lumber and logs. The manufacturing, max
ing, buying and selling of turpentine, rosln,
naval stores and by-products OF the same.
The owning, building, buying. running and
steam roads and turpentine stills, and the
altering and repairing OF the same. The
buying and selling of all kinds of mercban-
disc. The buying, selling, holding and Inn
proving of ali kinds of real estate, and the
buying, holding and selling any other
property in the state OF Florida, IN the
United States of America, or in any foreign
country, and to do such other business ns
may he necessary mt 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 shall
be one hundred dollars. Said Capital Stock
being all subscribed, ten per cent of same
has been fully paid in, and said shares OF
said Capital stock shall be enon-assessable.
ARTICLE ".
This Corporation shall continue to be and
exist perpetually unless dissolved according
to law.
The business or businesses of this Corpo-
ration shall be conducted and managed by
II President, a Board of five directors, a
Secretary, a Treasurer, and General MAN.
ager.
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 shall
be duly elected and qualtted.
The President, Secretary, treasurer ana
the General Manager, shall be elected by
the Board of Directors from among the
Stock Holders except the PRESIDENT, VINO
shall be chosen from the Board OF Directors,
Mt q meeting held Immediately after the ad-
iournment of each annual meeting OF the
Stock II olders, and said Officers snail ne
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. O. Middleton,
General Manager, poTn 1in 81 r9ioi' WiScopSin'
"
and Fred Wins, Treasurer, of Quincy, iii,
nois, or by a 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, ut which annual
meeting an election of the permanent
as are provided form the Bylaws
and the Charter of the Corporation, Will be
held.
ARTICLE VI.
The highest am &&iht of of liza
bility to which this Corporation can at any
time, subject itself shall be one hundred
thousand dollars, (S100UO.0Ol.
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. O. Middleton, Pomona, Florida, one
hundred and fifty shares.
w. H. Ellis, Platteville, Wisconsin, thirty
shares.
Fred Wins, Quincy, Illinois, fifty shares.
@. H. Castle, Quincy, Illinois, fifty shares.
@. Il. Cook, Pomona, Florida. thirty shares
William Viewers, Quincy, Illinois, twen-
Ly shares.
lred shares.
George H. A. Fisk, Pomona, Florida
twenty shares.
G. W. Otterson, Pomona, Florida, twenty
w. H. COOK,
r. O. MIDDLETON,
W. H. ELLIS.