The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1912-04-25

GEO, G. PFEIFFER,
Charter Of .Pastlnne Athletic Club"
we, the undersigned. do hereby agree
70 become associated together and do
hereby associate ourselves together, for
the purpose Of becoming a body polite
and corporate under the law OF the state
Of Florida. the. provisions Of which are
hereby accepted. The Following Articles
Of Incorporation shall constitute and be-
come its charter, upon the issuance OF
Letters Patent according to law.
l. The name Of the corporation shall
be HPastime Athletic Club Its prin-
cipal place Of BUSINESS shall be in the
city Of Pensacola, Escan1bia County,
removing and establishing branch offices
at such places, as may be selected by
the Board o. Directors.
2. The general nature OF the business
60 be transacted by the Corporation shall
be: To buy. sell, exchange. contract
for, and generally deal in real and per-
sonal properties. improved and unim-
proved, and to maintain a brokers bust
ness, including the right TO manage es-
tates. to act as agent broker, or attor-
ney In fact for any person or corpora
ton; to make loans upon real or per-
sonal properties, either for or against
Asaid corporation, and supervise, manage
eand protect the same; to have the same
insured against fire and casualties; to
investigate the credit, solvercy, and suf-
ficiency OF borrowers and suerties; to
sell, manage, lease or otherwise purchase
or dispose OF any property, real or per-
eonal and to take and make mortgages
or other evidences OF indebtedness. UPON
the same; to buy and sell at Wholesale.
or retail, personal property OF all kinds
In the city OF Pensacola, State and
County aforesaid, upon complying with
said state, County and City aforesaid,
with reference to the vending Of said
personal property; to forward and ex.
hibit athletic pursuits. to conduct and
AL 1a lf-
fcation OF the members and stockholders
of said corporation are: That any male
person OF twenty-ore t5D years or over,
can become member, or stockholder
and approval OF the Board Of Directors,
to be chosen BY the said corporation
%. The amount OF capital stock Of
ts5oO,co3 dollars. DIVIDED into oe Five 9u Hum.
dred l500l shares, OF the par value OF
Ten (sl6.oo) dollars each. No greater
($50p0. o0l dollars, divided into Five Hun
sand (x5000.00) dollars, shall be Issued
by said corporation, except by authority
OF the Board Of Directors
After. all OF said Three Thousand
V30oo.g0) dollars, capital stock has been
than twenty.one (2i) years Of age, OF
good moral character and Of white ma
tionality, shall be eligible to membership
In the said 'Pastime Athletic Club"
Before becoming a member thereof, he
shall submit to the Board Of Directors
of said corporation. his application in
writing. which shall show, his nationality,
sge AT 20 se e Which shall be accompanies
rectors, or a committee, appointed BY
said Board of Directors, for that purpose,
pass favorably upon same, then sard
'.Pastime Athletic Club" but shall not
share In any Of the profits Of the said
corporation, nor be responsible for any
OF st ths lossss thereof; -. .. .,..
cents 600 per month, for a member
Hhlp In said 'Pastinhe Athletic Club"
And should he fall in arrears for three
Sss !, tR ms .s sd ps e. 9Rthy
upon cease to be a member OF the said
'TPastifne Athletic Club" and shall lose
All the rights. .en1oyments, and privl-
The capital stock referred to In this
paragraph shall be worcestershire, and
the stockholders, shall not be liable for
any amount over and above the amount
OF stock to which he subscribed.
The stockholders and incorporators Of
the said '.Pastime Athletic Club" shall
be members OF the said "Pastifne Ath.
letie Club" but shall not be required to-
pay, nor responsible Tor any dues for
membership in said club.
Said capital stock shall be paid for In
lawful money of the United States, or
real or personal property. or It's equiva-
lent value thereto: value to be deter
mined by the Board Of Directors. Ten
per cent of which must be paid within
ten days after Letters Patent shall have
been granted and before said corporation
shall transact any business.
4; This corporation shall exist for
period OF rlinety-hne (s9) years. unless
sooner dissolved according to law.
5. The business OF this corporation
shall be conducted by Board OF not less
than three, nor more than Ave Directors
The Board OF Directors shall elect from
themselves q President. vice President
GaCrafarx nj n~N
snay hold the once OF Secretary and
Treasurer. Said Board of Directors shall
have the authority to appoint all neees.
sary agents OF this corporation. Annual
meetings OF the stockholders OF said cor.
poration, shall be held at the principal
ONCE OF the corporation, which is at
present lSn west Romano Street, in the
city OF Pensacola. Escannbia County,
Florida, on the first Monday IN Sep.
TENDER OF each year, at ten o'clock in
the morning or as soon thereafter as
practicable, ct which time the Board OF