The Ocala banner. (Ocala, Marion County, Fla.) 1883-194?, 1912-03-08
NOTICE OF APPLICATION 30
LETTERS pATENT

~
LETTERS pArEnr
Notice Ia hereby given thai 90. ne
undersigned. four weeks after tbe pnb.
licatien OF this notice. vii appIT g
the governor OF the state Of Flagifa
for letters patent 20 Issue under ~
following proposed charter
]. L. YOUNG
WILLIAM HOOKER.
]. ID. ROBERTSON
Copy Of the Proposed Charter of ne
Cove Company
We, the undersigned. hereby $50
ciate ourselves together for The puf
pose of becoming incorporated undeT
the laws Of the State Of Florida. AZ
plicable TO corporations Tor proiL
ARTICLE l.
Name.
The name OF this CORPORATION ahnfl
be THE COVE COMPANY. and IT,
principal place OF business shall -
Ocala, Marion County, Florida. buf Il
may establish Offices and agencies ~
any other place or places which 80
board OF directors may select.
ARTICLE n.
Bpsiness
The general nature OF the business
to be transacted by this corpnrmtiom
is TO buy and sell real estate. and %
hold, use and enjoy the same for AM
purpose for which such real estate
may be adapted: 20 acquire b. DEED
or lease any privilege relating - ur
concerning real estate. and % uee. of
dispose OF, the same BY sale. lease ~
otherwise: 20 manage. control and lmr
prove any real estate which mas -
acquired by the company. 60 defsiop
water power or powers. By construe-
ton of a dam or dams. Tor the purpose
of generating electric power and Toe
the purpose OF maintaining or opefnf-
ing public works. for the purpose e
supplying electricity 90 cities ans
towns in the State Of Florida and Toe
public utility: 20 buy and sell AL kinds
of personal property. 90 lend and boz.
row money. and. IN the transaction %
such business, TO acquire and Hlte
mortgages OF other security; ana 90
do any and all things necessary of ~.
quisite for carrying out the torekolns
purposes, including the power % tas
exercise OF the right OF eminent ~
main according 90 statute In such ca.
es made and provided.
ARTICLE III.
Capital Stock.
The amount OF capital stock OF d.
corporation shall be Sixty Thousand
Dollars (s6O. OO0), divided into "a
hundred shares OF the par value g
one hundred dollars each. ali 81
which capital stock shall be payanie
i'm property at a just valuation O. -
fixed by the directors OF this company.
ARTICLE ~.
Term.
The term for which this c0rporation
shall exist is ninety-nine years.
ARTICLE "
Officers.
The business OF this corporation
shall be conducted by PreaIdonl,
Vice President, and a Secretary ana
Treasurer, and by a Board OF Direct
ors, consisting of not less than three
nor more than Ave members, 20 -
elected at the annual meeting OF the
stockholders to be held on the 1nd
Tuesday in January. 1913. and annn-
ally thereafter, from which Board 80
Directors the other officers mentiono4
herein shall be chosen BY such board,
provided, that the Office Of Secretary
and Treasurer may be held By one
person, who need not be a member 81
the Board Of Directors.
The following named officers shall
conduct the business OF this corpofaI
ton until those elected az the nFst
annual meeting shall qualify, namely.
]. L. Young, President.
William Hooker, Vice President
John d. Robertson. Secretary ana
Treasurer;
And a board OF Directors conslsllng
of ]. l.. Young, William Rocker AMI
John ID. Robertson.
ARTICLE VI
Indebtedness
The highest amount OF lndehted-
ness to which this corporation shall
at any time subject itself ls one hunr
ired and twenty thousand dollars
ARTICLE VII
Names and Places Of Residences g
Subscribers
The names and places OF residenoe
Of the subscribers. together with The
amount of capital stock subscribed for
by each is:
Names Residence shares
]. L. Young, Plant City. Florida. 10o
William Hooker. Ocala. Florida. 900
]. ID. Robertson, ocala. Florida. 2oo
State of Florida,
Marion County.
Before me. the undersigned officer.
personally appeared j. l.. Young. WI
liam Hooker and John ID. Robertson.
to me well known 20 be the lndiFid.
uals described I'm. and who executed.
the foregoing proposed charter 81
THE COVE COMPANY. who severnllg
acknowledged TO me that they sub
scribed their names 90 the said pro
posed charter for the uses and par.
poses therein set forth and expressed
In witness whereof. have herennlo
set my hand and official seal this the
31st day of January fo1e