Suwannee Democrat. (Live Oak, Fla.) 1897-current, 1909-04-02
ARTIcLR Two.


General nature Of the business to be transacted
By the corporation.
Sec. l. The general nature Of the business 4
Be transacted By the corporation shall be 10 dsal
IN az kinds Of real estate, % buy. sell let 80
and suitcase al kinds Of real estate: "a huv ~
sen al kinds Of timber. or 70 sch sawml ePossie
turpentine or wood privileges On land; % NAM.
taculFe and sel lumber, crosSties. turpeDtina ~
rosin. wood. hardwood and furniture: a inpruv-
real property IN any manner n which thecorDoIa.
ton snail see ft % 0Wn, buy, sell lease or let civ
property and also farms and farm land: % buy
sell ana hold personal property and chattles Of al
kinds; % engage h general mercantile business Z
desired; 70 be and become agents for lie, Are o.
aeeident insurance. Tor any company AUTHORIZED
b DO business IN tia State Of Florida; 10 buy. Ell
and bold stock n other corporations: 70 own ~
keep system Of title abstract books and enc
IN the abstract business.
Sec. 2 The corporation shah have the Doves
% issue bonds on such terms and Conditions a. itV
directors may deem proper ard IA authorized d
issue its int mortgage or deed Of trust on az On
any Of - assets b secure the sane. The corpora
ton shall also have the right 70 deal n stocks an
bonds, judgments and DEGREES, 10 deal n notes and
mortgages and al evidences Of Indebtedness: n
lend or borrow money In It's corporate capacity q
contract and be contracted with and to sue and b
sued in its corporate name, and shall have power
% DO all those things incident to corporations d
this kind under the laws Of the State Of Florida
ARTICLE THREE.
Capital stock.
See. /. The amount Of the caDitaI stock Of III
corporation shall be 100000. divided into Eve.
hundred shares Of the par value of SEQ. % eaeh.
Sec. 2 The capital stock Of the eorporatior
shall be paid for IN cash. or collateral eouivalen,
to cash, 10 per cent, Of the said capital stock sha
be Faid IN before said corporation shall have Az.
th0rZed 70 transact any business and the balancs
shall be paid in upon the call Of the board Of d,
reetors.
ARTICLE FOuR.
Term for which the corporation shall exist
Sec. l. The corporation shall exist and con.
tinue IN fun force for the period Of ninety-nine
years, unless sooner dissolved By law.
ARTICLE FIVE.
By what officers business Of the corDorstion Il u
be conducted.
Sec. /. The business Of the CORPORATION shall
be conducted By board Of directors 70 consist N
not less than three nor more than seven az tbe
stockholders Of the corporation, and z president
vice-president secretary and treasurer. provided
the Offices Of secretary and treasurer may be Rlled
by one and the same person.
Sec. 2. The annual election Of officers shall b
held in the city Of Live Oak on the first Haesdsv
Of December, 1903 and on the same day ever
year thereafter, at which annual meeting a STOCK.
holder shall have as many votes as he has share.
in the corporation and until the first annual elec.
ton and their successors are elected and qualified
A. Lee Humphreys shall be president, B. W. Hel
VenstOn. Viee-president and JnO. +. Harrel &C..
rotary and treasurer. and until their successor,
are elected and qualified, the board Of director
shall be A. Lee Humphreys, B. W. HelvenstOn
JnO +. Harrel and F. Z. ThOmason.
ARTICLE SIX.
Limit Of Indebtedness.
See. l. The highest amount Of indebtedness n,
liabilities 10 which the corporation NAV AT am
time subject itself. shall be SlO00OO.O0.
ARTICLE SEVEN.
The names and place Of residence Of subscribinr
neorporstOrs.
Sec. /. The names and residence of the sub.
scribing incorpOratOrs and the names Of a.
shares subscribed for by each are Is follows:
A. L. Humphreys, Live Oak, Florida, 80 shares
B. W. Helvenston, Live Oak. Florida, so shares
Jno F, Harrell, Live Oak. Florida, 50 shares.
T. E. Thomson, Live Yak, Florida. 80 shares
n LIZ hOAL uhEL is.
B. w. HELVENSTON.
F E. THOMSON
JNO. F. HARRELL.
State Of Florida,
SuWannee County.
Before me the undersigned. notary public n
and for the state at large, personally came A Iee
Humphreys. B. w. HelvenstOn, T. E. ThOmasOr
and JnO. F. Harrell. VINO being duly sworn. sew.
orally acknowledged before me that he sub-
seribed his name 70 the foregoing articles Of h.
corporation for the uses and purposes therein
mentioned.
In witness whereof, have hereunto set my
hand and Official seal at Live Oak, Florida M,
the Slst day Of March, 1903
lsRALI J. P. LAMB,
Notary Public