The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1911-08-02

The amount Of the capital stock OF the
said corporation shah be Fifteen Thou
sand Dollars (S15. o00) divided into one
hundred and nifty C15o) shares of the
par value Of One Hundred Dollars (s100)
each, which capital stock shall be paid
in in cash or IN property, at valuation
to be fixed by the Board Of Directors, and
at such times as the Board Of Directors
may require.
This corporation shall exist for twenty
hve C25) years unless sooner lawfully dis
solved.
The business OF the corporation shah
and a President vIce-President, Man
ager, Secretary and Treasurer. 20 be
chosen from the Board Of Directors, and
such other officers and agents az the
corporation, through Its Directors may
authorize. The Offices Of President and
Treasurer may be held by the same per-
son. and the offices OF Manager and Vice.
President NAV be held by the same per-
son.: The officers herein provided for
shall perform such duties as may be
prescribed by the bylaws OF az are
usually performed by such officers. The
Board Of Directors shall be elected by
the stockholders at a regular meeting
to be held on the LIST day OF July OF each
and every year ana shall continue IN
office until their successors are elected.
The President and other officers OF the
corporation shall be elected on the said
LIST day Of July OF each and every year
from the Board OF Directors newly elect
ed, vacancies occurring in said ofnces 70
may prescribe. Any Director OF other
ofticer may at any time be removed by a
majority vote OF the stock OF the cor
poration and a successor 20 him chosen.
The officers who shall conduct the buE1-
ness Of the corporation until the first an
nual meeting Of the stockholders shah be
SCARRITT MORENO, President and
Treasurer; B. c. Mccoy, vice-President
M Man0Cnr
RENO, Secretary. The Board Of Direo-
tors, until the first annual meeting Of
the stockholders shall be SCARRTTT MO-
MORENO. The Board OF pirectors shan
at all times consist Of not less than three
nor more than I'VE persons.
ARTICLE VII
The highest amount OF indebtedness %
which the said corporation can at any
time subject itself. shall be Twenty-Five
Thousand Dollars (s25 .000).
ARTICLE VIII
The names and residences OF the sub
scrfbers, together with the number Of
shares OF capital stock subscribed for by
each. are as follows. to-wit:
Scarritt Moreno, who resides az Pen
sacols, and who subscribes for seventy
six (76) shares of the capital stock
Mansfield Moreno, who resides at Pen
sacolay Florida, and who subscr1bes for
B. c. Mccoy, who resides al Peusa-
cola, Florida, and who subscrfbes for Eve
90 shares OF the capital stock
In witness whereof each OF rs has
hereto set his hand and seal on this 7th
day Of July, A d. 1911
SCARRTTT MORENO,
MANSFIELD MORENO,
3. 9. MCCOY,
state OF Florida, County OF Escambia:
Before the subscriber, who IL an on
Ger authorized TO take acknowledgements
10 deeds, personally came SCARRITT
MORENO. p. c. Mccoy. and MANS
FIELD MORENO, each Of whom is 70
me well known and each OF whom ac-
knowledged TO me that he signed the
foregoing charter and that the signature
thereto purporting to be his signature was
made by him for the uses and purposes
in the said charter expressed.
In witness whereof I have hereunto
set my hand and AIMED my seal oficiai
this 7th day Of july, A. d. 1911.
(Notarial SeaD GEO. @. CRAVEY,
Notary Public.
MY Commission expires March 4, 1914