Fort Pierce news. (Fort Pierce, Fla.) 190?-1920, 1910-02-18


Pierce Pineapple and Citrus Su0-EX
change:
Know All Men BY These Presents:
That we, the undersigned citizen:
and citrus fruit growers Of the State
of Florida, have this day voluntarily
associated ourselves together for the
purpose of forming Horticultural cor
poEation and association, as and for a
ub.Exchange, under the laws of the
State of Florida, providing for the incor'
poration of Horticultural, non-prohl
associations and corporations, IN ac'
cordance with this proposed Charter
and we hereby adopt these Articles
of Incorporation, which shall become
the Charter of said corporation, upon
the issuance of letters patent, accord
ing to law. and we do hereby certify.
ARTICLE |. That the name of said
corporation is the Fort Pierce Pine
apple and Citrus Sub-Exchange.
Art. .. That this Sub-EXchange is
organized under the laws of this State as
Horticultural association, and entitled
oall the rights aud privileges conferred
by the laws of this State on similar cor
porations, and the voting power aud all
other rights and privileges of each OF
the members of this Sub-Exchange,
holding a certificate of membership IN
the same, whether said members shall
be individuals, or whether they shall be
kindred associations affiliated with this
Sub-Exchange, shall be equal,
ART. 3. That there shall be no cap
ital stock of this Sub-Exchange, bu: the
same shall be organized as a Horticul
tural association and corporation, not
for profit, and IL shall not issue any
shares of stock whatever. and shall mol
at any time declare or pay any divl-
dend, or other profits on any holding ia
this sub-exchange, but all moneys COM
ing into this sub-exchange for services
rendered, OF otherwise, shall be used
by it for paying the expenses OF, and 9TH
erwise maintaining this sub-eXchange,
and any surplus thereof remaining III
its hands, shall be used as the Board Of
Directors OF this Sub-eXchange shall
deem 70 the best interest of this sub
exchange, and this sub-eXchange shall
issue to each person who, as we'll as 20
each kindred association, which shall
become member thereof, certif.
cate of membership in this sIb-ex
change, and shall receive in return
therefor the sum of One Dollar ($l0Ol
to be converted into the treasury of this
slb-eXchange, but no person, and no
other such kindred association shall al
any time have, own or control mere
than one certificate of membership Ia
this sub-eXchanle, nor shall any person
not grower of citrus fruits become VI
remain member of this sub.exchange.
ART. 4. That the purposes for which
this sub-eXchange is formed are to al
as the ageat and exclusive representa-
tive of the Florida Citrus Exchange,
corporation kindred TO this association
and now existing under the laws OF the
State of Florida with headquarters 10
the city OF Tampa, in said State, in The
transaction of all the business of said
Florida Citrus Exchange, with certaic
other kindred associations and corpora
tions now being aud hereafter to be in
corporated In TIE State of Florida.
which may hereafter become member.
of this sub-exchange, said kindred asso.
Citations being known, and hereafter u
be known, as associations of citrus fruIl
growers; and also TO act as the exclu
s.ve agent of said Florida Citrus Tx
change in making up estimates of the
citrus fruit and other produce owned
grown and controlled by the several
associations of citrus fruit growers
that may hereafter become members of
this Sub-Exchange and furnish the
same to said Florida Citrus Exchange.
and to become and stand responsible to
the Florida Citrus Exchange for ali
assessments on citrus fruit and other
Florida grown products which lnay be
owned, grown or controlled by the asso
citation of citrus fruit growers affilia.
ting with and being members Il this
sub-exchange that may be assessed by
said Florida Citrus Exchange against
said fruit and produce and to pay all
such assessments as may be so assessed
by said Florida Citrus Exchange against
any and all of the associations of citrus
fruit grove affiliating with and being
members of this sub.excbange and pro
rate the same equitably between such
associa ions of citrus fruit growers as
may become members hereof all such
assessments as may be assessed against
them or either of them. by said Florida
Citrus Exchange. Also toact as the agent
for all OF The asSOciatIons of citrus uit
growers who shall hereafter become
members OF this sub-exchange in all
the dealing which said associations or
either OF them may have with the Flor
ida Citrus Exchange, and also TO act as
the agent OF such associations of citrus
fruit growers as may hereafter lie .ome
members of this sub-exchange in the
purchase Of all necessary material and
equipment for the proper growing,
picking, packing and market
ing Of citrus fruits and other produce
that may hereafter be owned, grown or
controlled by said association of citrus
fruit growers or its members. And
that 10 order TO carry out the above
and foregoing purposes this sub-ex-
change shall have the power, right and