The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1911-09-01

state OF Florida, at the Capitol at Tai
Ahassee In said State. for Letters Patent
s upon the following l proposed Charter q
Ida Naval Stores Company.
w. c. BARRINEAU,
T. G. BRITTON,
r. r. MITCHELL.
we, r. F. Mitchell M. King. p. r,
King. s. .cinsberg, Miles Andrews, J. c.
Howell, Jr., ]. w. Williams, V. H. Nc
Kown. D. @. McInnis, w. c. Barrineau,
n. 9. Britton. ]. ]. Mccaskiil. d. j.
Hayes yes, Il, f. Brown Brown, 4 F. Paderiek. J.
ana RE Mite SasSS' r trustee n'4 I. Il
Howell do hereby make application for
Letters, Patent Incorporating us, cur as
soeiates ana successors into corpora
don in accordance with the Laws of
the State Of Florida, under the following
/. The name Of the corporation shall
be West Florida Naval Stores Company,
and Its principal place Of business shall
be at Pensacola. Florida, and II shall
have power through Its stockholders or
Board OF Directors to establish other
places Of business in the State Of Florida
and in other States and Countries.
2. The general nature OF the business
to be transacted shall be the conducting
OF naval stores business; also the storing,
warehousing, producing, farming, buy
ing and selling on commission or other
wise, shipping and exporting naval stores
and al pitch pine products buying. SELL
owning OF real state. timber and personal
Nroperty Of every kind and description:
Yhe buying and selling Of merchandise
OF every character, the buying and SELL
ing, building, owning, operating, leasing
and rnortgaging Of turpentine plants. saw
mills, railroads. tram ways and vesselsi
the borrowing and loaning of money or
credit and the giving and taking Of Sc
curity therefor; the discounting, pledging
or buying Of notes. bills, drafts, bonds,
mortgages and other commercial papers
and securities; the chartering and loading
of vessels. including the doing of all
other matters and things whatsoever
necessary convenient useful or incl
dental to the conduct of the businesses
mentioned hereinbefore
3. CThe amount OF the capital stock Of
caid corporation shall be Two Hundred and
Fifty Thousand (S250 000.00) Dollars, d.
vided into Two Thousand Five Hundred
shares-of the par value Of One Hundred
($l00.00) Dollars each. Said stock shall
be paid for IN lawful money. Of the United
suance of Letters Patent incorporating
the Company. and the balance at such
times and in such amounts as the Dr.
rectors OF the Company may require. All
shares Of stock shall be subject to a
first lien for all debts due by the owner
or holder thereof to the corporation.
f. The corporation shall exist for the
period OF ninety-nine C9s) years from the
date Of the Letters Patent Incorporating
&. The business Of the Company shall
SNAAAA~NNA
Vice Presidents, a Secretary and Treas
urer. an assistant Secretary and Treasu-
rer. and a Board Of Directors consisting
OF not less than FIVE (5) nor more than
thirteen (13), the number to be fixed by
the stockholders at each annual meeting
OF the stockholders, in such manner as
the BYLAWS may prescribe, and by an
executive board consisting OF ave mem
Bars, OF which the President shall be the
Chairman. The offices Of Secretary and
Treasurer may be held by the same
~ III.
Directors shall be elected annually at a
meeting Of the stockholders to be Aeld
on lthe First Tuesday after the Second
Monday in January. and the Directors
so elected shan on the same day elect the
President. sVice-Presidents, Secretary and
Treasurer The stockholders shall also
at the same time elect four members OF
the executive board, and the President OF
the corporation shall constitute the fifth
member OF said board The executive
board shall have such powers and perform
such duties as the Bylaws may pre-
scribe. Meetings Of said executive board
shall be held at the call Of the Chairman.
and at such other times as the Bylaws
may prescribe. Until the first election r.
F. Mitchell shall be President. d. G. Nc
Innis and NJ. e. Savage shall be Vice
Presidents; d. J. Hayes shall be Secre-
s S Ss Assistant secretary ana T4eass
rer, and NJ King and NJ z. Savage and
J. :. McCaskil and d. @. McInnls and
r. f. Mitchell, President, shall constitute
NAI---~A-@--~~
Directors shall consist Of nine members.
and r. F. Mitchell, d. G. McInnis NJ.
=. Savage, J. G. Howell, Jr., S. Ginsberg,
]. j. McCaSkill, NJ King. L. H. Howell and
c: g. johnson, shall constitute such Board
Of Directors.
g. The highest. amount of indebted
neSs or liability to which the corporation
can at any time subject itself is Five
Hundred Thousand Dollars. The names
and residences OF the subscribers, and
the amount OF stock subscribed for by
each are as follows, end the subscribers
hereto do hereby subscribe for the follow
Gig shares and amounts of the capital
hook of said Company, to-wit:
%R r. Mitchell, Pensacola. Florida, $40
shares, $51, 10000.
M King Harris, Florida, go shares.
B +. King, Harris, Florida, Is shares.
s. Ginsberg. Messy Head. Florida, so
shares, 81. 10000.
80 shares. 5000. 90.
50 shares s5,00O.00
J. w. Williams Graceville, Florida.
20 shares. $2.0oo,00
T. c.. Howell, Jr., Blackman, Florida
10 shares, 100000
" H McKown, Blackman, Florida. 10
shares, 100000.