The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1913-11-25
SOUTHERN sAkEngEs COMPANY.


We the undersigned will upon the 10th
IS practicable apply to the Hon. Park
Florida. for letters patent for the South
ern Bakeries Co, under the following
we. r. e. Ramsey, of Birmingham.
AlabanAs Fred l. Ramsey, of Birming-
lliam. Alabama: p. p. Pepper, OF Biz
fningham. Alabama, and A. L. Glass. Of
APensacola. Florida. do hereby make APP
plicati0n for letters patent Incorporating
Us and our assigns into q corporation in
Florida under the following charter:
shai be 1.-THE souTIIERiHNS B IlsGSs1iSss
business shall be Pensacola. Florida.
second-The general nature Of the
business to be transacted by said cor
poration shall be to buy. SELL at whole
sale and retail. exchange. make and
manufacture all kinds Of fiours, sugars,
candies spices. cakes. pastries, confec-
syrups, extracts, coffees. teas. nonalco-
holic beverages, baking powders. and all
wieb any lina "a a,, e n manu- = ,a z.
TO acquire, hold. own, operate, conduct
and manage plants and factories for the
manufacture of said commodities, to ac-
uuire, hold, own, manage. operate and
conduct wholesale and retail stores for
the sale OF all kinds of commodities: to
acquire own, hold. operate. manage and
conduct soda ,founts, lunch stands. res
faurants and cafes: to acquire. hold. own
and use formulas and recipes for the
making of commodities manufactured by
said c0rporati0ns TO acquire, hold, sell
and deal in the stocks bonds and other
securities Of other corporations. and to
do and perform all acts that corporations.
formed for the purpose OF carrying on
any private enterprise or enterprises. are
aatnor1zed to 90 ana perform under and
Florida RI yissus q the laws Of the state q
Third-The amount or capital stock Of
the corporation shall be two hundred
nd 1n.r7$ inf ais
and shares each Of which Will be of the
par value of twenty-five dollars and
property at just valuation to be fixed
by the Incorporation. Two thousand
shares Of said stock shall be common
stock. Six thousand shares of said stock
shall be cumulative preferred stock. said
preferred stock shall entitle the holder
70 receive when and as declared out of
poration a fixed yearly dividend OF seven
per centum, which dividend shall be
cumulative. and If the profits of any one
year, asclarable as dividends. shall not
be sufficient TO pay such dividend for
such year at the rate of seven per centum
per annurn, then the same shall be other
fun amount ct dividends upon the pre-
1erred stock herein specified. without in
ferest. shall have been paid before any
dividend shall ebe paid on the common
STOCK The balance of the profits of
the corporation. declarable as dividends.
NAV be distributed among the holders
dividend shall be paid upon or set apart
Tor said common stock unless dividends
70 the full extent above provided upOn
the preferred stock for all preceding div
fdend periods shall have been paid. and
provision shall have been made for the
payment Of dividends the preferred
STOCK for the then current period, and
IN no event shall a greater dividend ever
ne paid on the common stock than is
paid on the preferred stock. and all divi-
dends paid out of the profits or surplus
or the corpora ton declarable as dfvt-
bends. over and above the amount neees-
esry to pay all the accrued dividends OF
seven per centum on said preferred stock
aneif dividends of the same extent on the
couNpon stock. shall be equal
III any distribution Of the assets OF the
Wise. said preferred stock and all accu-
mniatlns thereon. namely. the difference
DetWeen seven per centum OF the par
value OF such preferred stock from the
GATE OF its original issue to the date or
Sucn distribution and the aggregate OF
the amount paid as dividends on such
preferred stock, shall be paid in full be-
OF common stock. and hereafter the com
mon stock shall be entitled to the entire
assets remaining
The entire voting power for the cleo
ton Or directors shall be vested in the
common STOCK and the holders OF the
preferred stock shall have no voting
power IN such elections Of directors. and
shall rot he entitled TO vofe i many cleo
eion OF directors OF said corporation, At
all stockholders meetinrs exrant as
otherwise expressly provided IA this GER
fihcate. each share of stock ~ the COM
pany. both preferred and common. snail
~ entitled TO one vote.