The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1912-03-22

build or to have built, auditOriums
and other play houses and other
houses and buildings; to erect play
grounds, parks, boating and bathing
houses and other places of amuse-
ment; to operate auditOriums and
other play houses for hire or other
wise. for chautauqua or other pur-
poses of amusement. education or
religion; to operate public parks,
grounds. boating and bathing houses.
for hire; to operate young mems
Christian Associations: to borrow or
to loan money; to buy or to sell
MORTGAGES and to deal in securities
of all kinds: and to do any and all
things necessary for the proper con-
duct of the foregoing enumerated
businesses
ARTICLE THREE.
Capital Stock: The capital stock
of the corporation shall be twenty
Thousand Dollars ($2O, OOO. OO). to be
divided into shares to the number of
four hundred (lOO. of the par value
of fifty dollars ($5O.O0), each. to be
paid in money or in property to be
used in the conduct of said corpora
ton. just valuation of said prop
erty to be agreed upon by the incor-
porators at a meeting called for that
purpose. Said corporation snail have
the right to increase its capital
stock to Fifty Thousand Dollars
($5O. 100000. the par value of which
shares shall be Fifty Dollars ($5O. OO)
each.
ARTICLE FOUR.
Term OF Exhistence: This cor
pOratiOn shall continue for a term of
n:nety-nine years (9O unless sooner
dissolved according to law.
ARTICLE FIVE.
Officers: The officers of this cor
pOratiOn shall be a President, a Vice
President. Secretary. a Treasurer,
and such other officers as the said
corporation may choose; the Secre-
tary and Treasurer may be one or
two persons; a Board of Directors
that may consist of any odd number
OF persons, not less than three nor
more than twenty-one. as the stock
holders may decide at their annual
meetings, which shall be held at nine
O'Clock. Il. M, at the principal Office
of the corporation. on the first Tues
day in March each year. unless
changed by the bylaws Of the cor
M inh AL s.l, L., Il
In the election of officers each
stOckho'dcr shall be entitled to one
vote for each share of stock owned
by him AT the time Of said election,
and said votes may be cast in per-
son or by PROXY evidenced BY writ
ten authority signed by the owner
of the stock 50 desired TO be- voted.
No person who is not bona ndc
istockholdcr shall be eligible to hold
any ollie in the corporation.
Until n" officers shah hc chosen
at the first annual meeting and Unal-
lied, the business of this corpora, ion
shall be conducted by the following
officers, to-wit
II. ID. l'assctt shall be president.
$. +. Smith shall be the Nicc-Presi-
dent.
l.. NJ. Futch shall be the Secretary
and Treasurer.
IL. ID. Bassctt. s. +. Smith, l.. NJ.
Futch, N. A. higgins and l.. +. Hen
ley shall constitute the Board of Di-
rectOrs.
Any such other officers as the
stockholders shall elect. or the Board
of Directors shall appoint
ARTICLE SIX.
Limit OF Liability: The highest
amour, of liability or indebtedness
to which this corporation shall ut
any time subject itself, shall be an
amount TO ODc-half of the Capital
stock subscribed at that time.
ARTICLE SEVEN.
Subscribing imrorporalorS: The
names and residences Of the subscrib-
ln2 inCorpnratorS % lthis curporation.
ia ether with the amount of capilil
stoek subscribed by eaeh. are rs lol-
lows:
II. d. Bassctt. Lakeland, Florida,
10 shares, $4,000.
). /. Smith. Lakeland. Florida 10
share S, $4,000.
l.. ". Fuich, Lakeland. Florida
10 shares. $4,000.
y. A. higgins. Lakeland, Florida,
10 shares. $4,000.
l.. +. Henley, Lakeland. Florida.
10 shares. $4,000
ARTICLE EIGHT.
Seal: The said corporation may
have sca,. Dcarin, j.. .i..t,;og uorGs
and designs said corporation may
desire, which said seal shall be kept
in the custody of the Secretary of
said corporation.
ARTICLE NINE.
bylaws: The Board of Directors
OF said corporation shall have the
right to make and enforce a code of
bylaws for the government and con-
duct Of the bushes of said corpora
ton as the necessity and their judy
ment shall dictate, which said by
laws shall be subject to the charter
and the laws of the land. Said by
laws may be amended or abolished as
the Board of Directors shall see fit
and proper.
Wherefore, the said incOrporators
have hereunto set their hands to this
proposed charter tails 18th day of
Marcht A. ID. 1912.
". -. BASSETT,
$. +. SMITH.
l.. VI. FUTcH.