The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1912-04-18

under the following charter ana Articles
Of Incorporation, the original of which
will be on file n the of1ce Of the Sec
rotary of State of said estate Of Florida
at the city OF Tallahassee, during the
time required by law for the publication
of this charter.
CARL E. GORDON.
]. E. CONCANNON,
ADRIAN e. LANGFoRD,
GEO. c. PFE1FFER,
KARL s. ENDERT.
Charter Of "Pastine Athletic Club"
We, the undersigned, do hereby agree
to become associated together and do
hereby associate ourselves together, for
the purpose Of becoming a body poiitio
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.
l. The name Of the corporation shah
be 'Pastime Athletic Club Its prin-
cipal place of business shall be in the
city Of Pensacola, Escambia County.
removing and establishing branch Offices
at such places, as may be selected by
the Board Of Directors.
2. The, general nature of the business
to be transacted by the Corporation shall
be: To buy, sell, exchange. contract
for, and generally deal In real and per-
sonal properties, improved and hnin-
proved, and to maintain brokers bust
tates. to act as agent, broker, or attor-
ney in fact for any person or corpora
ton; to make loans upon real or per-
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
Investigate the credit. solvency, and SUI
hciency of borrowers and suerties; to
sell, manage, lease or otherwise purchase
or dispose of any property. real or per-
sonal. and TO take and make mortgages
or other evidences of Indebtedness, upon
the same; to buy and sell at wholesale
in the city of Pensacola, State and
County Aforesaid, upon complying with
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 ex-
hfbit athletic pursuits, to conduct and
operate a Bowling AfIey, and the quail
fcation of the members and stockholders
of said corporation are: That any male
person OF twenty-one CID years or over,
can become a member, or stocIholder
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
this corporation shall oe Five Thousand
($50o.O0) dollars, divided into Five Hun.
dred 5000 shares, of the par value of
Ten $4,000 dollars each. No greater
(s5000. COZ dollars, divided into Five Hun
sand (s50oo00) dollars. shall be issued
by said corporation, except by authority
OF the Board of Directors.
After all of said Three Thousand
(S3000 0o) dollars, capital stock has been
subscribed any male citizens, not less
than twenty-one CID years Of age, of
good moral character and of white ma
tfonalfty, shall be eligible to membership
In the said "Pastime Athletic Club"
Before becoming member thereof, he
shall submit to the Board of Directors
OF said corporation, his application in
writing which shall show, his nationality,
age and sex, which shall be accompanied
rectors. or a committee, appointed by
said Board of Directors, for that purpose,
pass favorably upon same. then said
applicant shall be a member of said
share in. any of the profits of the said
corporation, nor be responsible for any
of the losses thereof.
Said applicant shall pay fee of fifty
cents N.5O) per month, for a member
ship in said "Pastime Athletic Club"
And should he fall in arrears for three
months in his said payments or monthly
dues of fifty cents $50, he shall there
upon cease to be a member of the said
"Pastfme. Athletic Club" and shall lose
all the rights, enjoyments, and prtvi-
leges of said club.
The capital stock referred TO in this
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 "Pastirne Ath-
let1c Club, but shall not be required 10
pay. nor responsible Tor any dues for
membership in said club.
Said capital stock shall be paid for in
lawful money of the United States, or
real or personal property, or its equiva-
lent value thereto; value TO be deter
mined by the 3oard Of Directors. Ten
per cent of which must be paid within
ten days after Letters Patent shall have
been granted and before said corporation
shall transact any business.
=, This corporation shall exist for a
period of ninety-nine 1922 years. unless
sooner dissolved according TO law.
o. The business of this corporation
shall be conducted by a Board of not less
tnau three. nor more than five Directors.
The Board of Directors shall elect from
themselves a President, Vice President,
Secretary and Treasurer. One person
may hold the office of Secretary and
Treasurer. Said Board of Directors shall
have the authority to appoint all neces-
sary agents Of this corporation. Annual
meetings Of the stockholders of said cor
poration. shall be held at the principal
ONCE of the corporation, which Is at
present 161A West Romano Street. in the
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 az
prdcucable, at which time the Board OF
Directors shall be duly elected by the
stockholders
The Bylaws for the government of
this corporation shah be adopted al the
first annual meeting Of the stockholders,
or as soon thereafter as practicable.
Until a Board of Directors shall be
first chosen by the stockholders, the
business shall be conducted by the fol-
lowing named persons and officers:
President. Vice President. Secretary and
Treasurer. Until the first election, Carl
z. Gordon shall be President, J. z. Con
cannon shall be Vice President, A. Z.
Langford shall he Secretary. and @. G.
Pfeiffer shall be Treasurer. and Karl
S. Endert shall be General Manager. and
those shall constitute the Board Of d.
rectors
Temporary BYLAWS may he 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 Cs10o, O0e.0O) dollars
I. The names and residences of the
subscribers to these Articles Of this cor
poration. together with the amount Of
capital stock subscribed by each, are as
follows:
Carl E. Gordon. Pensacola, Fla
]. E. Concannon. Pensacola, Fla.
A E Langford. Pensacola. Fla.