The Palatka news and advertiser. [volume] (Palatka, Fla.) 1908-19??, 1910-08-12

BERT W. GILGHRiST, Governor of the
state OF Florida, at Tallahassee Florida, on
ehe lzth day OF August, A, d. 1910, for
LETTERS PATENT,
as per PROPOSED CHARTER following.
, the same having been filed in the Office OF
| the Secretary Of State, of said state of Flori.
| da at Tallahassee, Florida, on the 9th day
OF July, A. d. 1910.
PROPOSED CHARTER OF
THE YOUNG-BURTON COMPANY"
THE name of this corporation shall be,
THE YOUNG-BU RTON COMPANY, . and
It's principal place Of business shall be at
State of FlOriaa. ~
2.-The general nature OF the business to
pc transacted by this corporation shall be to
, ouy, sell, lease, operate, control, and hold
OF FLORIDA; TO purchase, sell, make, manu-
facture, and dispose of turpentine rosin
naval stores and their by-products to buy,
mills; construct, own, repair, buy and sell
buildings, tram, steam, and other motor
roads, turpentine stills, and machinery; to
maintain and operate wood and Iumber
yards, and to dispose of their products: TO
merchandise, and deal in the products
above enumerated; to timber and log its
own or other lands. and to run, operate, and
cause to be run and operated mills or other
works and machinery for the manufacture
OF timber and woods into salable articles
and products thereof; and to buy, sell, CON
uiSDDSp
OF real estate and other property in the
state OF Florida, the United States, and In
foreign countries, and to do and perform
SUCH acts and things in the premises as may
De lncldent,eXpedient and necessary TO prop
erly carry out the purposes stated.
S-The amount of the Capital Stock of
this corporation shall be
TWENTY THOUSAND DOLLARS
divided into TWO HUNDRED SHARES,
each of the par value of
ONE HUNDRED DOLLARS.
SEVENTY-FIVEp per centum OF said Capi-
Cal STOCK mas been fully paid in, the balance
thereof to be paid in as called for by Direct
orS, Ihis Capital stock is NON ASSESS
ABLE.
4.-This Corporation shall continue and
exist for the term of
FIFTY YEARS,
unless dissolved according to law.
5-The ANNUAL MEETING of this Cor
poration shall be held at Interlachen, Put |
nam County, Florida, on the second Monday |
IN January OF each year, but the time and !
place of such ANNUAL MEETING may be |
The election OF officers shall be held at the
ANNUAL MEETINGS, and the term of
office OF all officers shall be ONE YEAR
and until successors are elected, term begin
ming with date of election.
q. The OFFICERS of this Corporation
shall be a BOARD OF DIRECTORS of
FOUR STOCKHOLDERS, one of whom shall
be President, another Vice President and a
and Treasurer; but one person
nay hold the office of Secretary and Treas
lrer.
And the Directors chosen as President,
Vice President, Secretary and Treasurer
mall be the President, Vice President, Sec
etary and Treasurer of said Corporation
All deeds of conveyance, leases, and in
truments of writing necessary to be under
cal, shall be executed by the President, or
ice President, signing the corporate name,
Gnn aiflt.x H. Al.
OrpOrate seal thereto.
SIN case of inability from any cause. on
art OF the President, the Vice President
\ succeed to and perform all acts and
htngs required of such officer.
H-Ihe highest amount of indebtedness to i
Ihich said Corporation may subject itself
hall be TWENTY FIVE THOUSAND 5
l0.-The business of said Corporation shall, 4
ntil the first election under this Charter j
e conducted by n Board of Directors con- !
lsting Of \
w. B, Young, who shall be President, =
G. h. Burton, who shall be Vice President :
M. l. Young, who shall be Secretary and
and :
o. V. Burton.
ll.-By-laws, not inconsistent with this 1
harter, may be adopted, rescinded or :
mended Mt any meeting of said Directors,
no shall have the authority to fix compen- .
llion OF Its officers, employees, servants .
nd agents, and to delegate such authority 2
atner persons when deemed eXpedient 2
nd necessary. A majority of the Direct
rs shall be necessary. .
l2.-rhe names, residences and subscrip- :
ons Of the incorporators are as follows, to- :
IT.
:. b. YOUNG, Interlachen, Fla 80 Shares g
!. /. YOUNG, Interlachen, Fla ....... l Share 2
Eo. X. BURTON, Talladega, Ala. O.. 80 Shares z
V. Burton, Talladega Ala .....,.. l Share 2
TATE OF FLORIDA,
Ounty of Putnam.
Before me personally came W. b. Young -
I'd M. l. Young, who each acknowledged
lie foregoing to be his genuine signature to -
e foregoing Charter of said Corporation,
The Young Burton Company" for the pur
,ses therein expressed.
Witness my hand and official seal, at Inter-
chen, Florida, this 3lst day of May, A. u.
To- GEORGE K. GILLETT,
EALl Notary Public, State of Florida
My commission expires March u, 1912.
ATE OF ALABAMA
,unty Of Talladega.i
Before me personally came e. r. Burton
I'd o. V. Burton, who each acknowledged
e foregoing to be his genuine signature to
G foregoing Charter OF said Corporation,
he Young Burton Company. FOR the pur- u
SEES therein expressed.
Witness my hand and official seal, at Tai
lega. Alabama, on this 2ith day of June,
ID. 1910. JAS. II. IVEY,
EALl Notary Public, in and for said =
unity and state. 4
Ny commission expires June, 1911. i