The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1907-01-02

full money of the United States, 30 per
cent. OF which shan be paid in fpH before,
the company shall be authorized to scom3(
mence business and the remainder there-s
! of TO be paid in installments of not lesS
than 10 per cent of the whole auo'mt OF
the capital, each month Thereafter unity
the whole amount of the capital stocki
has been paid In all OF which paymentsi
shall be certified to the Comptroller UNDER
the oath of the President or Cashier.
Article w.
The corporation shall begin business
when authorized by the Comptroller or by
his certificate. and shall exist and con-
tinue business for period Of Ntnety-I
Nine years from and after date when IL
is authorized to begin ,1r, business q
The business Of the corporation shah
be managed and conducted by Prest-
dent Vice-President. Cashier and Bos-d
Of Directors and such other omcers endi
Board Of Directors The Board OF Dbl
rectors shall consist of such number asst
may be determined on, by the stock
holders. not less than FIVE
Until the officers elected a. the hrse,
election shall qualify. the business OF the1
corporation shall be conducted BY oscar
L. Bass as President. Ford l. Wilkfnsonj
as Vice-Presfdent. George c. Scudamorei
as Cashier and Oscar L Bass, Ford L
Wilkinson, William e Mathis. George +.
Wentworth. Thos. g watson; c. Tniesen.
.lO IL -
L. Meyer and George c. Scudamore as
the board OF directors. all OF whom are
residents and citizens OF the state OF
Florida, and more than tnree5nI n.,. OF
OF said state for more than one year last
passed. The annual meeting or the stock
holders shall be held on Monday AFTER tns
second Tuesday in January. each year.
for the election of Directors OF the cor
poration Each Director shall own In his
own right at least ten shares OF stock In
the corporation.
The corporation shall not at any time
subject itself to a higher amount OF In
debtedness or liabilities than Two Hun
dred Thousand Dollars, the amount OF
the capital stock. The name, residences
and amount Of stock subscribed by each
of the incorporators Is as follows; -,
Oscar L. Bass, Pensacola; Fla-' 200
sacosa, Fla, 156 shares. $4,000; William
e. Mathis, PensacoIa, Fla, $50 shares,
s25 600; Geo. p. Wentworth, Pensacola,
Fla, $50 shares, $4,000; Thos. G Wat
Thiesen. Pensacola. Fla so shares, 5000;
John @. Green. Pensacola. Fla, % snaress
s. 900; J. Walter Kehoe, Pensacola Fla-s
so shares. 81, 600; William l. Moyer,. ZEN
Scudamore, Pensacola, Fla, $50 shares
q, 00e.
In witness of al the foregoing, the sad
incorporators have hereunto subscribed
Der, 1906.
FORD l. WILKINSON,
MN. E. MATHIS,
GEO. p. WENTWORTH
THOS. c. WATSON,
c. THIESEN.
J. G. GREEN,
J. WALTER KEHOE,
WILLIAM l.. MOVER,
G. C. SCUDAMORE.
State nf Florida. County Of Escambia.
Personally before the undersigned 1B-
reared oscar L. Bass, Ford l. Wilkinson,
William e Mathis, Geo. P. Went=srth.
Tbos. c. Watson. C. Thiesen. John c.
Green. J. Walter Kehoe. William L.
Mover and George c. Scudamofe each Of
whom acknowledged his signature to thsS
foregoing instrument, ana that the same
is hts act and deed
In witness whereof, have hereunto set
NV hand and affixed my official seal this
sth day Of December. A. D., 1906.
w M AACKEY,
Notary Public
Ny commission expires Jan. 20. 1910;
dec10oaw4w