Suwannee Democrat. (Live Oak, Fla.) 1897-current, 1909-01-15

NouAG an RtctSe " pusAlS1A
Section /. The name Of the corporation shall
be Key & Company"
Section 2 The principal place Of business Of
the corporation shall be IN the town Of Bradford
in Suwannea county, Florida, but the corporation
shall have the right to establish branch Offices for
the purpose Of transaeting the business for which
it is Incorporated at any other point az points
within the State Of Florida.
ARTICLE 2
General nature Of business 70 be transacted.
Section l. The Rsaeral nature Of the business
to be transacted by the corporation shall be that
Of buying and selling all kinds Of dry goods, boOts
shoes, hats, clothing, groceries, furniture, hard
ware, paintS oil vehicles, fertilizer and az kinds
OF farm produce and farm supplies, and 70 en-
gage in buying and selling and conducting gen
eral wholesale and retail mercantile business,
and to buy and sell all kinds Of articles and things
necessary for a Wholesale and retail mercantile
business, and 20 have al power necessary and
incident 70 q general wholesale and retail msr-
camille business; 70 deal in stocks, bonds notes.
mortgages and other evidence Of Indebtedness
Section 2 The corporation shall have and en-
JOY al power, rights and privileges Of the cor
porston Of this class under the laws Of the State
Of Florida, to sue and be sued in its corporate
capacity; to contract and be contracted with; 10
issue certificates, stocks and bonds for the cor
pOration; to deal in Judgements and DEGREES; 70 do
all those things not inconsistent with its charter
and not inconsistent with the corporate laws Of
the said State Of Florida.
ARTICLE. g.
Capital Stock.
Section /. The amount Of capital stock author
lied BY the corporation shall be 100000 divided
- Il II - H. 81 ~
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 Bush 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 50 per cent Of the
capital stock BY said stockholders as represented
BY the shares held by each stakeholder 50 paving
The form Of the said certificates shall be pre-
scribsd by the Bylaws Of the corporation
ARTICLE l.
The terms for which corporation shall exist
Section /. The corporation shall exist and con-
tinue for a 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
shall be conducted BY and under the control and
management Of board Of directors. a president
vice president. secretary and treasurer. and q
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 filled b.
one and the same person.
q e 4 -rrH al FafFs.r
shall be elected and chosen from among he stock
holders of the corporation at the annual meeting
Of the stockholders, u be held in the town Of
Branford in Suwannee county. Florida. al the
place Of business Of the corporation. on the first
Monday in July. 1909: and on the same day annu-
ally thereafter, each stakeholder having as many
votes as he has shares paid for in the corporation
and until the said next annual meeting and until
their successors are elected and qualified. the
directors shall be: A. H. Key. Brsnford. Florida
John r. IangstOn, B-anford, Florida, and w. r.
Stephens, Branford. Florida. and until the next
annual election and until their SUCCESSORS are
elected and qualified. A. h. Kew. Of Bradford.
Florida, shall be president and treasurer. John r.
Langston. Of Branford, Florida shall b. general
manager and secretary. and W. H. Stephens. Of
Banford. Florida. shall be yice-presdent TIE
duties Of the said officers and directors shall be
prescribed by the Bylaws Of the corporation
ARTICLE 6.
Limit Of Indebtedness
Section I. The highest amount q the indebt-
edneSS or liability to which the corporation may
at any time subject itself. shall not exceed twice
the amount Of the capital stock OF the corporation
ARTICLE T.
The names and residences Of the subscribing
and the number Of shares subscribed
Tor BY each.
Section l. The names. places and residences
and the amount Of capital stock Of the subserib-
ing ineorpOratOrs are as follows. tO-Wit: A. II
Key. BranfOrd Florida, fifty shares; John R
LangStOn Bradford, Florida. twenty-five shares
and w. H. Stephens, Branford. Florida. twenty-
five shares.
A.H.KEY.
J. R. LAEGST0N
". H. STEPHENS
State Of Florida,
Suwannee County. 3 Before me personally cane
A. Il. kay John r. LanKstOn and w. H. Steph-
ems. 70 me well known and known b b. the pr
sons described in and who subscribed 70 and e1-