Fort Pierce news. (Fort Pierce, Fla.) 190?-1920, 1910-02-11
Know All Men BY These Presents:

Pierce Pineapple ana citrus ouo-bA
change:
Know All Men BY These Presents:
That we, the undersigned citizens
and citrus fruit growers OF the State
of Florida, have this day voluntarily
associated ourselves together for the
purpose of forming Horticultural cor
potation and association, as and for q
Sub.Exchange, under the laws of the
State of Florida, providing for the incor-
poration of Horticultural, non-proht
associations and corporations, 10 ac'
cordsnce 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 l. That the name OF said
corporation is the Fort Pierce Pine
apple and Citrus Sub-Exchange.
ART. ,. That this Sub-EXchauge is
organized under the laws ofthis State as
Horticultural association, and entitled
pail 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-Exchauge, 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 it shall not issue any
shares of stock whatever. and shall not
AZ any time declare or pay any diVi-
dend, or other profits on any holding IN
this sub-eXchange, but all moneyS COM
ing into this sub-exchange for services
rendered. or otherwise, shall be useu
by it for paying the expenses of, and 9TH
erwise maintaining this sub-eXchange,
and any surplus thereof remaining H.
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 well as 20
a eacn kindred association, which shall
become member thereof, d certii.
cate of membership in this sIb.eX
change, and shall receive in return
therefor the sum OF One Dollar (SI.OOj
10 be converted into the treasuryof thu
Ib-eXchaDge, but no person, and TO
other such kindred association shall al
any time have, own Cr control mere
than one certificate of membership a.
this sub-eXchan e, nor sha' J any person
not grower OF citrus fruits become U,
remain member OF this .sub.eXchange.
ART. /. That the purposes for whicl
this snb-eXchange is formed are TO .i
as the agent and exclusive Representa-.
tive of the Florida Citrus Exchange,
corporation kindred 10 this association
ana now existing unde. the laws Of the
State of Florida with headquarters II
the city of Tampa, in SAID State, in III
transaction Of all the business of sale
Florida Citrus Exchange, with cerlai
otLe; kindred associations and corpora
tons now being auu hereafter to be in.
corporaied ia TIE State of Florida
which may hereafter become member.
OF This sub-exchange, said kindred assO
Citations being known, and hereafter &c
be known, as associations of citrus frul.
growers; and also to act as the exclu
siye agent of said Florida Citrus Tx
change 10 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 h.
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 tf this
sub-exchange that may be assessed by
said Florida Citrus Exchange agains,
SAID fruit and produce (: and to paw all
such assessments as may be SO assessed
by said Florida Citrus Exchange agains,
any and all of the associations of citrus
fruit grove affiliating with and being
members Of This slb-excbange and bro
rate the same equitably between such
associations of citrus fruit growers as
may become members hereof ali such
assessments as may be assessed against
them or either of them. by said Florida
Citrus Exchange. Also toact asthe agent
for all OF the ASSOCIATIONS of citrus uit
growers who shall hereafter become
members of this sub-exchange in ali
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 he some
members OF this .sub-exchange in the
purchase of all necessary material and
equipment for the proper growing,
handling, 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 ia order TO carry out the above
and foregoing purposes this snb-ex-
change shall have the power, right and