The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1912-05-10
sary for the proper conduct of tn.
foregoing businesses.
Article Three.


Article Three.
CAPITAL STOCK: The capita
stock of the said corporation shall b.
TWENTY THOUSAND DOLLAR:
$50. 600 O), to be divided into two
HUNDRED (2OC) SHARES of tn,
PAR value of ONE HUNDRED DOL
LARS ($10O.O0) each, to be paid il
money or in property to be used t.
1.-THE conduct of the business of thu
corporation. a just valuation of sale
property to be agreed upon by the in
tcrporators at meeting called fOl
that purpose. Said corporation shall
have the right to increase its capita
stock to Fifty Thousand Dollars
$50 100000, the par value of which
stock shall be one hundred dollars per
share.
Article Four.
TERN OF EXISTENCE: This cor
roration shall continue for term Of
Ninety-Nine (99 Years unless soon.
er dissolved according to law.
Article Five.
The officers of the corporation
shall be a president. a vice president
q secretary, treasurer, a board OF
directors and such other officers as
the board of directors may decide by
their bylaws; the secretary and the
treasurer may be one or two per-
sons: the board of directors may con-
sist of any odd number of persons OF
three or more as the board of direct
ors may decide in their bylaws; the
& GERS OF said corporation shall be
elected at their annual meetings
which shall be held on the first Tues
day in January at 10 o'clock a. m, o!
each year unless changed by the
board of directors in their bylaws,
which may be done.
In the election of officers of the cor
loration or in other matters in which
st0c holders have or take a vote, each
stakeholder shall have one vote for
each share of stock he owns in said
corporation. and said vote may be cast
in person by the owner, or by proxy
evidenced by writing. signed by the
owner of The stock desired to be v0t-
ed. No person who is not bona fide
stakeholder of said corporation shall
be eligible to any of the enumerated
offices herein. Until the officers shall
be chosen and qualified at the first
annual meeting. the business OF this
corporation shall be conducted by the
following officers, to-wit:
] l.. Skipper shall be the president
r. N. Skipper shall be the vice
president.
John s. Edwards shall be the Sec
rotary and treasurer.
]. l.. Skipper. Minnie NJ. Skipper
and John s. Edwards shall constitute
the board Of directors.
Article Six.
| IINguT Nh I Ann INV. Tho l. .rL
est amount of liability or indebted
ness to which this corporation shall at
any time subject itself shall be an
amount equal to the amount of cap.
ital stock subscribed and actually
raid in at the time OF mourning the
rbligation or Indebtedness.
Article Seven.
SUBS KlBING INTERPRETATIONS,
The names and residences of the sub
,scribing incOrporators of this cOrpOTa
ton, together with the amount o.
capital stock subscribed by each, arr
as follows:
ID. L. Skipper. Lakeland,
r. n. skipper. Lakeland,
Fla, so shares. $3.50, 900. O(
Fla, 10 shares ...... 10000
Minnie NJ. Skipper, Lake
land, Fla, . shares. -. 9OV.O'
I.IOhn : Edwards. Lake
land. Fla, ! share $40. 1O0.O'
Article Eight.
BY LAWS: The board Of director
of said corporation shall have tn
fright to make and enforce code o
hy laws for the government and con
duct of the business of the corpora
ltion, as the necessity and their judg
ment shall dictate, which said by law
shall be subject to the charter an
the laws of the land; said by law
lmay be amended or abolished as tn,
board of directors shall see fit an,
proper
In WITNESS WHEREOF: Tn
said incorporatOrs have hereto Sc
their hands to the proposed charter
this 29th day of April. 1912.
]. l.. SKIPPER.
X. y. SKIPPER.
| eyIyunnL,Ip