Suwannee Democrat. (Live Oak, Fla.) 1897-current, 1909-02-12
Article

~ - tAlSDi Pylaucu ~ any olner point CT points
within the State sf Florida
ARTcLE2
General nature Of business to be transacted.
Section l. The general nature Of the business
to be transacted by the corporation shall be that
Of buying and selling al kinds Of dry goods, boots
shoes, hats, clothing, groceries, furniture, hard
ware. paints, oil vehicles, fertilizer, and an kinds
Of farm produce and farm supplies and to en-
gage in buying and selling and conducting gen
erai wholesale and retail mercantile business
and to buy and sell al kinds Of articles and things
necessary for wholesale and retail mercantile
business, and to have all power necessary and
incident to general wholesale and retail mer.
camille business TO deal in stocks. bonds. notes.
mortgages. and other evidence of Indebtedness
Section 2 The corporation shall have and en-
JOY all power. rights and privileges OF the cor
Doraton Of this class under the laws of the State
Of Florida, to sue and be sued in its corporate
capacity; 70 contract and be contracted with: to
issue certificates, stocks and bonds for the cor
poraiOn; TO deal in judgements and DEGREES; 10 do
all those things not inconsistent with It's charter
and not inconsistent with the corporate laws Of
the said State Of Florida
ARTICLE. s.
Capital Stock.
Section /. The amount Of capital stock author
lied by the corporation shall be $4,000 90 divided
into 100 shares Of the par value of $4,000 each:
50 per cent Of the said capital stock shall be paid
for IN cash, or collateral equivalent TO cash. be-
fore the corporation shall transact any business
and the balance Of the said capital stock shall Be
paid in at such time and in such manner as the
board Of directors may require, and certificate Of
the stock shall be issued TO the respective stock
holders upon the payment Of 80 per cent Of the
capital stock BY said stockholders as represented
by the shares held by each stOckholder 30 paying
The form Of the said certificates shall Be pre-
scribed BY the Bylaws Of the corporation.
ARTICLE 4.
The terms for which corporation shall exist.
Section l. The corporation shall exist and con-
tnue for period Of ninetY-nine years unless
sooner dissolved according to law.
ARTICLE S.
Officers by which the business is to be trans
acted.
Section /. The business Of the corporation
snail be conducted by and under the control and
management Of board Of directors, a president.
vlce-president. secretary and treasurer, and
general manager. Provided. that the Office of
general manager and secretary may be filed BY
one and the same person. and provided. that the
Office OF president and treasurer may be filed BY
one and the same person.
Section 2 All Of the said directors and officers
shall be elected and chosen from among the stock
holders OF the corporation at the annual meeting
OF the stockholders, 10 be held in the town OF
branfO-d IN SuWannee county. Florida, at the
place OF business Of the corporation, on the first
Monoay m July, 1903; and on the same day annu-
ally thereafter. each stakeholder having as nany
votes as he has shares paid for in the corporation
and until the said next annual meeting and until
her successors are elected and qualified. the
directors shall be: A. H. Key. Branford, Florida.
John K angston, BranfOrd, Florida. and WI.
Stephens, BTanf0rd. Florida. and until the next
annual election and until their successors are
elected and qualified. A. H. Kew, Of Rrsnford
Flsrida, shall be president and treasurer. Jobn r
LangstOn. Of BranfOrd Florida, shall be general
manager and secretary and W. H. Stephens Of
Branford. Florida, shall be viee-president. The
duties OF the said officers and directors shall be
prescribed by the Bylaws Of the corporation.
ARTICLE 6.
Limit Of Indebtedness.
Section /. The highest amount Of IN. inseIt.
edness or liability TO which the corporation nav
at any time subject itself. shall not exceed twice
the amount Of the capital stock Of the corporation
ARTICLE Z.
The names and residences Of the subscribing
lneorDOrators and the number Of shares subscribe
for by each.
Section !. The names places and residences
and the amount Of capital stock Of the subserib-
lng ineorpOratOrs are as follows. tO-wit. n
Key, Bradford Florida, fifty shares: Jobn r
lsangston. Bradford. Florida. twenty-five share
and ". n Stephens. Bradford, Florida. twenty
five shares.
A.H.KEY.
J. R. LANGSTON.
W. H. STEPHENS