The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1911-04-06


/. H. AIKEN,
r. z. L. McCASKILL,
NIMROD MCGUIRE.
PROPOSED CHARTER OF THE FLOR
IDA TOW BOAT COMPANY. !.
The subscribers hereto associate them
selves as body polite and corporate
under the laws of the State Of F1oridss
and the charter following. to-wit:
The name of this corporation shall be
THE FLORIDA TOW BOAT COMPANY,
and its principal place of business shall
be at Pensacola, Escambia County, Flor
ida with such branch offices and places
Of business as may hereafter be deter.
mined and designated by the Board OF
Directors Of the bylaws hereof
The general nature of the business to
be conducted and transacted by this cor
poradon shall be the buying, owning and
boats and launches, sailing vessels and
lighters; the towing Of log and timber
booms, logs, lumber, timber, lighters,
steam and sailing vessels; the transporta-
ton Of passengers, lumber and freight Of
every description; the dredging. opening
and maintaining of channels bars and
harbors, and the doing of all things incl
dent to, necessary and usual in the con-
duct Of general freight, passenger and
tow boat business including the DISPOSE
ton, transfer and sale Of all or any part
thereof.
The amount of the capital stock Of this
corporation is hereby fixed at Twenty
Thousand Dollars (s20. o00.00) and shall be
par value Of One Hundred Dollars
($100.00) each. Ten per cent of such
stock shall be payable In cash immediate
~ upon the issuance Of letters patent and
the remainder of such stock shall be pay
able in cash upon the call Of the Board
OF Directors, but stock may be paid for In
property or services at a valuation to be
hxed by the Board Of Directors.
The term for which this corporation Is
TO exist shall be ninety-nine years unless
sooner dissolved by consent or by law.
The business Of this corporation shall
be managed and conducted by a Board Of
Directors. President and General Man
and Treasurer, and such other officers
and agents as this corporal ion by its by
laws shall authorize and prescribe. The
ohices Of President and General Manager
same person, as may also the offices of
Secretary and Treasurer. The Board Of
Directors and Officers of this corpora ion,
duties and receive such Compensation
therefor as shall be prescribed by the
bylaws hereof. The Board of Directors
shall be elected by the stockholders
1912. and annually on the first Wednesday
In January of each year, and all other
officers and agents shall be elected and
seribed by the bylaws hereof Until the
first election Of the Board of Directors
and other officers, and until such officers
are duly qualified. the Board of Directors
shall be l. h Aiken, r. z. L. McCaskilI
and Nimrod Mcclure. and I. H. Aiken
shall be President and General Manager,
R. E. L. McCaskill shall be Vice-Presi.
dent and Nimrod MCGUIRE shall lie Secre-
tary and Treasurer.
The highest amount of Indebtedness or
liability to which this corporation may
at any time subject itself shall be Fifty
Thousand Dollars ESQ. 000.00).
Z.
The names and residences and number
Of shares subscribed by each Of the incor-
porators hereof are as follows:
1. H Aiken. Pensacola, Florida, so
shares, 5,000. 90.
R, E. L. McCaskiIl,. Freeport. Florida,
70 shares, s., 10000.
Nimrod Mcclure. Freeport. Florida, rs
shares. $7,500.00.
In testimony whereof. we have hereunto
set our hands and seals this the 18th day
Of March, 1911.
l. H. AIKEN, (SeaD
R e I. MEGA SKILL fSeaH