The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1912-08-23

! + Carer
~ V Nanlluss
J. {. Brown
rheo. Apostclou
Arthur Z. Donegan
Il. ID. Warning
Mrs. Henrietta Lcvay
Il. l.. RATIO
j. T.. Swanson
j. W. Ianicr
Mrs. Dan Marshall
J. $. billiard
!. l.. McClelland
|. b. Bcvis
G. d. Stoncr
Proposed Charter Of the american
State Bank OF Lakeland
The undersigned hereby asscc;a tt
themselves together for the purpose
OF be, ominS Incorporated under tn,
laws ol Flcrida with and under tn,
following proposed charter.
The name ol said corporation shall
be: "AMlRiCAN STATE EANk OF
LAKELAND" tn place Of bust
ness to Dr. ii tar ,tl lakeland
Polk toeHg tlalil
i'ae .at1r ~ hu>i-
less t2 pao bat &, jial o.
Gl rs 90.
.i 5r calln an III ta, ,it,
q laa rqk ,amy trida;
!. sh"'' ay t' ish, ~ ta. loa,t,
q. l1 aniE aalhar ga aiIi-
,efr esla. sJp t. la%
~ li an Tia. mEin, 81
d'sta'ht.ae 50 n@a"liatina prom
.sort noses. drafts bills ., "a.
ehsuaa and other evidences oi debt
rcerl ing deposits. buying and scll-
IN exchanges, coin and bullion. and
looming money cn personal and real
security It may purchase. hold and
convey such other real estate as may
be Necessary for its immediate ac-
com3dation in the transaction OF It's
business. or as shall be conveyed Ia
II in satisfaction of debts previously
contracted i'm the course of its deal
ings or such as shall purchase a,
sale under judgments, DEGREES or
mortgages taken by or assigned to
the Company. or shall purchase tn
secure debts due to it; and shall
have. in addition. all such powers
and privileges rs are incident ITO
such banking corporations as are au-
thOriZed by the laws of the State o;
Florida.
The capital stock of said corpora
ton shall be Twenty-Five THOUSAND
Dollars ($25. 0OOlOO) divided into
Two Hundred and Fifty shares of
the par value of One Hundred Dol
lars 'SlOo.00D each. Fifty per cent
OF the said capital stock shall be paid
in cash before the said bank shall b.
authorized to begin doing business.
and the remainder shall be paid each
month thereafter in installmcnts %;
not less than ten per cent each of the
whole amount of the capital stock
from the time commencement of
business is authorized, but such par-
mcnts may be increased at the dis
erection of the board OF directors.
~
This corporation shall exist per
pctually. or until dissolved accord
ine 10 law.
The business Of said cc"noratio4
shall be conducted by a preside.
wire president, cashier and board %
eight directors. Tho annual mc"tin"
o. the stockholders shall be on
second Tuesday of January of ca
year. At which the directors shall ht
elected other officers of the rorup
ration shall be elected by the boar.
o. directors
Tho following are tho names of I -.
officers who are to conduct the hu
ness OF the corporation. until tho
elected at the first election shall b.
qualified: II. J.. Maycs, prcsident
Samuel +. Smith. vice president
p. +. chunn, cashier; r. l.. May.
Samuel F. Smith, p f. Chunn. 5. +.
A. clonts. w. Fiskc Johnson, Ar 81
+. Donegan, Eppes Tucker, Sr
w. Harvey. board of directors
vi.
The highest amount of INDEBTED
ness or liability TO which this COR
pOratiOn can at any time subjc.
itself, shall not exceed the amouh
of its capital stock, actually paid IN
and remaining undiminished, exccp.
on account of moneys deposited Wit
Or collected by the Company. bill
of exchange or draft drawn again
moneys on deposit to the credit d.
the corporation or due thereto. or =
the stockholders of the Gonna
fer dividends and reserved profits
VII.
The following are the namrs ens
residences of the subscribers her -
and the amounts of capital sto Z,
subscribed by each and each t.'-
scribing his name hereto:
r. l.. Mayes, Lakeland. FL
shares. s2.700.
P. f. Chunn, Lakeland. ia
shares. $4,000.
W. Fiske johnson. I.ak"land. T
10 shares. $1,000.
d. X. Zineler. Lakeland FL
II.