The Palatka news and advertiser. [volume] (Palatka, Fla.) 1908-19??, 1913-03-14

ltal stock, or any portion thereof, may
| be made in property, labor, or services,
at a just valuation to be fixed by the
| directors of this corporation, at meet
| ing called for such purpose; and pro-
vided further, that property, labor or
| services may hereafter be purchased
or paid for with capital stock of this
| corporation, at a just valuation of such
property, labor or services, to be fixed
| by the then directors of this corpora
| ton, at a meeting called for that pur-
pose.
Article ".
The term for which this corporation
shall exist shall be ninety-nine (99)
years.
Article V.
| The business or businesses of this
| corporation shall be conducted by the
| following officers, o-wit: A president,
| vice president secretary and treasurer
| (prOVidrd that the same person shall
| be eligible to hold the two latter Off
cts), and board of directors. The
| officers of this corporation shall hold
| Office for period or term of one CD
year from the date Of election, or until
| their successors are elected and quail .
fled, and shall be elected at its regular
annual stockholders meeting, which
shall be held in the Offices of this COZ =
pOratiOn, at Palatka, Florida, ON the
| third Wednesday in January of each
year at the hour, of ten o'clock. The
| incOrporators and stockholders shah
| meet at the office of the corporation,
in the City of Palatka, on Tuesday,
| April 18th, 1913 at ten O'Clock, A: NJ /,
and transacting any other business
which may come before the stock hold
rs meeting. Until the officers elected
at the first annual meeting shall be
Quoted by the following officers: How
| ell a. Davis, President; II. o. Hamm,
| Vice President; L. w. Warren, Secre-
tary and Treasurer. AS Board of Di-
rcctors: Howell A. Davis, II. O. Hamm
and H. w. Warren
Article vi.
The highest amount of Indebtedness
| or liability to which this corporation
can, at any time, subject itself, is One
Hundred Thousand ($lOO,OOO.OO) Dol
| lars.
Article VII.
The names and residences of the sub
scribers to these articles or incorpor-
alton are as follows:
HOWELL 4; DAVIS, PALATKA, FLA.
II. .. HAMM--------PALATKA, FLA
| L. w. WARREN------PA FLA
We, the undersigned subscribing in
corporators, do hereby subscribe for
/ the amount of capital stock written 10
the left of and Immediately opposite
our respective SIGNATURES hereto.
| In witness whereof, we have here
unto set our hands and subscribed our
names on the 7th day of March, A. d.,
| 1913.
Seventy C70) shares of capital stock,
shares of capital stock, #. o. Hamm;
seventy G0) shares of capital stock,
! l.. w. Warren.
STATE OF FLORIDA,
| County of Putnam.
| Personally appeared before me, an
officer duly authorized to take ac-
! acknowledgement of deeds, Howell i.
| Davis, II. .. Halnm and l.. W. Warren.
each of whom is to me well and per-
sonally known and known by me to
be the persons whose names are signed
/ to the foregoing instrument as sub
| scribcrS for the amount of capital
stock of palatka Development Com
| pany, written to the left of and immc-
| diately opposite their respective sig
natures; and each Of whom ackmowl.
| edged before me that he signed, and
executed, each for himself, the fore
going instrument for the purposes
therein expressed; that he has sub
scribod the amount Of capital stock in
said corporation 50 written to the left
of and Immediately opposite his name q;
ana that the name so written is his
signature.
In witness Whereof | have hereunto
set my hand and Official seal, at Pa
latka, Florida, this Ith day of March,
A. d., 1913.
JUDGE v WALTON.
(NOtarial SCaD Notary Public
state of Florida at Large
My commission expires the 18th dag
of Fbruary, y. D., 1915.