The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1913-03-05
NOTICE OF INCORPORATION.

Notice is hereby given of the intention
OF the undersigned to apply to the Gov
! ernor of the State of Florida on the 18th
day of April. A. D. 1913. for letters patent
| Incorporating u.s. our associates and sue
cessors, into a body-poIitic and corporate
under the name of THE SOUTHERN
LOAN AND REAL ESTATE COMPANY.''
| for the purposes and upon the terms set
| forth in the following proposed charter.
/ We. Thomas s. Downey Daniel Proctor
| and w. S. Guest, do hereby make appli-
| cation for letters patent, Incorporating us
accordance with. and under the laws of.
| the State of Florida, under the following
| proposed charter:
| The name of the corporation shall be
| THE SOUTHERN LOAN AND REAL
/ ESTATE COMPANY" and it's principal
Pensacola, County of Escambia. and State
| of Florida. and to establish branch Offices
Wherever they wish.
| SECOND
The general nature of the business to
| be transacted shall be to buy. sell, ex-
| change and deal in real estate. including
/ improved and unimproved lands To buy
| bonds of all kinds. whether issued by
governmental authority or by industrial
and commercial corporations or by private
| individuals; to buy shares of the capital
stock of other corporations and securities
| and evidence of Indebtedness of all kinds
whether the same are negotiable or
and sell all evidence of indebtedness. or
chooses in action for it's own account and
for the account Of others. either upon
commission basis or otherwise, and
whether issued by. public authority
otherwise. To do and perform any and
all services required in connection with.
mentioned; to prepare for issue and sale
of any kind issues or bond or other evil
dences of Indebtedness. and to contract
ana certify to the genuineness of bond
| or series of bonds, or any evidence of in
debt edness. To act agent for other
persons in any capacity; to rent it's own
L nd hat 81 nfh - ~
tect the same and to improve the same
and charge therefor when necessary; to
act as broker for any person. firm or cor
poratlon, and to do any and all acts nee
essary to the successful carrying on of
the business mentioned and described in
these articles of Incorporation; to accept
trusteeshfp and to act as trustees under
mortgages and deeds of trust executed
by individuals and corporations providing
for the securing of Indebtedness evidenced
by bonds or other instruments and to do
and perform all it's acts necessary or
proper to be done by trustees appointed
and acting for such purposes; to buy and
SELL by discount or otherwise, any class
OF existing Indebtedness of all kinds
whether secured by lien, real or personal
property. or unsecured; to negotiate loans
for others, for a consideration and upon
the security. or lien by mortgage on real
or personal property; to hypothecate such
securities. stocks, bonds or other things
of value. or any other evidences of in
debtednessi to act as broker in such
transactions. or other transactions, and
validity or the payment of any loans so
negotiable or made. or any indebtedness
Of houses for rent or sale; to act as real
estate agents or brokers upon a COM
mission or profit-sharing basis, and to
90 general real estate business; to
borrow money and to secure the nav
ment of same. by hypothecating it's securi-
ties by lien or mortgage, or otherwise
upon any property, real or personal, or
chooses in action of the said corporation.
or by pledging. when necessary, and with
the approval of the Board of Directors,
the personal property of the corporation
THIRD.
The amount of the capital stock shall
be $3.50. 10000. divided into TWENTY-FIVE
thousand shares of the par value of ten
dollars each. Payment for said capital
stock may be in property, real or per-
be fixed by the Board of Directors at a
regular meeting or at a meeting called
Tor such purpose. in cash or its equiva- |
FOURTH
said corporation shall exist for a period |
OF niuety-nfne years unless sooner dis |
solved according to law.
FIFTH
. The business of the corporation shall |
be conducted by Board of Directors of
not less than three, nor more than five. |
and the office of Secretary and Treasurer
may be held by one person; said officers !
shall be elected annually at meeting of j
the stockholders to be held on the first |
Monday of May of each year, and the
officers shall be elected by the Board of
Directors at a meeting to be held on the
same day. The first annual meeting shall |
be held on the first Monday of May, 1918, |
and until that time Thomas s. Downey
shall be President, Daniel Proctor shah |
be Secretary and Treasurer and W. s.
Guest. Vice President, and the above-
named persons shall constitute the Board |
OF Directors until the first meeting.
SIXTH.
The incorporators ask the right to in |
crease the said capital stock from time |
to time. If 1t should become necessary
to the sum of one million dollars
SEVENTH.
The highest amount of Indebtedness to |
which the corporation can at one time |
subject itself. shah be one million dollars
EIGHTH.
Temporarily bylaws may be adopted |
oy the said offleers until the first meeting |
NINTH.
The names and residences OF the sub
scfbers are as follows:
Thomas S. Downey. Pensacola. Fla.
Daniel Proctor. Pensacola Fla
w s. Guest. Pensacola Fla.
The. said subscribers subscribe for the
following amount OF stock to-wit:
Thomas S. Downey. $500 shares.
Daniel Proctor. $500 shares.
w. S. Guest 10 shares.
In witness whereof. the above mem
toned subscribers have hereunto signed |
fseaD THos. s. DowNEY.
(SeaN DANIEL PROCTOR
tSeall w 5 GUEST.
L. w. NELSON. Attorney for Incorpor-
atorS.
State of Florida, Escambia County
Personally appeared Thomas s Downev |
Daniel Proctor and w. S. Guest ali
known to me to be the individuals de-
scribed by said names herein and each
acknowledged that they executed the
foregoing instrument for the uses and
purposes therein mentioned.
THOS. S. DOwNEY
DANIEL PROCTOR.
W. S. GUEST
Sworn to and subscribed before me |
this, the 4th day Of March, A. d. 1918.
L. ". NELSON
Notary Public. |