The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1912-05-02
Charter Of "Pasrrre Athletic Club"


Z Charter Of "Pasrfn1e Athletic Club"
We. the undersigned. do hereby agree
20 become associated together and DO
hereby associate ourselves together, for
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.
]. The name Of the corporation shall
be sPastime Athletic Club" Its prin-
cipal place Of business shall be in the
State Of Florida. win the privilege Of
removing and establishing branch offices
at such places. as may be selected by
the Board Of Directors. -. h,,.,n...
to be transacted by the Corporation shall
be: TO buy. sell, exchange. contract
for, and generally deal In real and per-
sonaI properties, improved and hnin-
proved. and to maintain brokers busi-
ness. including the right to manage es-
tates. to act as agent, broker, or attor-
ney in fact for any person OF. corpora
sonal properties. either for or against
said corporation, and supervise, manage
and protect the same; to have the same
insured against fire. and casualties; to
AAiency OF borrowers and suerties; to
sell. manage. lease or otherwise purchase
or dispose OF any property, real or per-
BOIidI, ana TO sLAAS ana make L1OTtSdSSS
or other evidences OF indebtedness, upon
the same; to buy and sell at wholesale,
- retail, personal property Of all kinds
in the city of Pensacola, State and
the law, rules, and regulations OF the
said State. County and City aforesaid,
with reference to the vending of said
personal property; to forward and lex
hibit athletic pursuits, to conduct and
operate Bowling A,iey, and the quail
fcation OF the members and stockholders
of said corporation are: That any male
person of twenty-one (21) years or over,
OF said corporation. upon the consent
and approval of the Board Of Directors,
to be chosen by the said corporation. !.
3 The amount Of capital stock Of
($500.00) dollars, divided into Five Hun
dred 5000 shares, of the par value of
Ten $4,000 dollars each. No greater
($500o 0o) dollars, divided into Five Hun
sand ($5000.00) dollars, shall be issued
by said corporation, except by authority
OF the Board Of Directors.
After all of said Three Thousand
(s30o00 0) dollars, capital stock has been
subscribed any male citizens. not less
than twenty-one (21) years Of age, of
good moral character and Of white ma
tionafity. shall be eligible to membership
in the said ''Pastime Athletic Club"
Before becoming q member thereof. he
shall submit to the Board OF Directors
OF said corporation, his application in
Wr1LlnR WnlCn snail snow, his naIlOnal1Iy,
age and sex. which shall be accompanied
by fee Of 800. II said Board of Dr.
rectors, or a committee. appointed by
said Board OF Directors, for that purpose,
pass pas,,. fayorsDly upon same; then ssm
''Pastime Athletic Club but shall not
share in any of the profits of the said
corporation. nor be responsible for any
OF the losses thereof.
Said applicant shall pay a fee Of fifty
cents ($.bO) per month, for a member
ship In said "Pastime Athletic Club"
And should he fall in arrears for three
dues Of nifty cents (s5o>. he shall there
upon cease to be a member Of the said
'sPastime Athletic Club" and shall lose
all the. rights: enjcyments, and privi-
The capital stock referred to in this
paragraph shall be non-assessable, 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 ''Pastime Ath-
ietic Club" but shall not be required to
membership in said club.
a Said capital stock shall be paid for In
Awful money Of the United States, or
real or personal property, or its 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
hern granted and before said corporation
shall transact any business.
4. This corporation shall exist for a
period OF ninety-nine (s9) years, unless
sooner dissolved according to law.
s. The business of this corporation
shall be conducted by a Board of not less
than three, nor more than Eve Directors
The Board Of Directors shall elect from
Secretary and treasurer One person
may hold the ONCE of Secretary and
Treasurer. Said Board OF Directors shall
have the authority to appoint all neces-
meetings OF the stockholders OF said cor
poration, shall be held at the principal
ONCE Of the corporation. which is at
city of Pensacola. Escambia 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, at which time the Board OF
Directors shall be duly elected by the
stockholders.
THE Bylaws for the government of
first annual meeting OF the stockholders,
or as soon thereafter as practicable.
Until Board Of Directors shall be
first chosen by the stockholders. the
lowing named persons and officers:
President. Vice President. Secretary and
Treasurer. Until the first election, Carl
z. Gordon shall be President, ]. z. Con-
Langford shall be Secretary, and 9. c..
Pfeiffer shall be Treasurer, and Karl
8. Endert shall be General Manager, and
those shall constitute the Board Of Dr.
rectors.
Temporary Bylaws may be adopted
by said oficers until the first annual
meeting Of the stockholders.
g. The highest amount OF indebted
ness or liability this corporation shall
at any time subject itself to Is One
Hundred Thousand ($100. 00o.0o) dollars.
Z. The names and residences Of the
subscribers to these Articles Of this cor
poration. together with the amount Of
capital steck subscribed by each. are as
Carl cari 2. Gordon. Pensacola. Fla.
% shares $3.50. 90
J. E.. Concannon. Pensacola, Fla.
A 3. Langford. Pensacoia.' Fla. 'O'V'
shares ........,...... En Oo
@. G. Pfeifrsr. Pensacola, ria, WV
Karl s. Endert. Pensacola, Fla WV
Ok shares $1,000. eosn m
There are other subscriptions .s1OV.vo
10 TO approximately 100000 oune-
Thr balance Of said capital stoch -,