The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1913-11-04
LEGAL NOTICE.
SOUTHERN BAKERIES coMPAN'

SOUTHERN BAKERIES COMPANY.
/ We, the undersigned will upon the 10th
as practicable apply to the Hon. Park
Tramme1, Governor of the state of
ern Bakeries Co. under the following
proposed charter:
We. ]. E. Ramsey. of Birmingham,
| Alabama; Fred L. Ramsey. of Birming-
| ham, Alabama; P P Pepper. of Biz
mingham. Alabama, and A. L. Glass, of
: Pensacola, Florida, do hereby make ap-
plication for letters patent incorpor2 ting
! us and our assigns into corporation in
accordance with the laws of the State of
Florida under the following charter:
! shall be 1.-THE SOUTHERN BAKERIES
! COMPANY and its principal place OF
! business shall be Pensacola, Florida,
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 fours, sugars,
candies spices. cakes. pastries, confec-
tionaries, chewing gum, breads, crackers,
syrups, extracts. cofees, teas, nonalco-
holic beverages, baking powders, and all
other articles in the manufacture of
which any kind Of flour or sugar is. used;
to acquire, hold, own, operate. conduct
and manage plants and factories for the
manufacture of said commodities, to &C
quire, 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
taurants and cafes; to acquire, hold, own
and use formulas and recipes for the
making of commodities manufactured by
said corporation; 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
authorized to do and perform under and
Florida.
Third-The amount of capital stock of
ha fWn
thousand dollars, divided into eight thous-
and shares, each of which will be of the
which shall be paid for in cash or other
property at a 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
the surplus or the net profits of the cor
poration a fixed yearly dividend of seven
per centum, which dividend shall be
cumulative, and If the profits of any one
year, declarable as dividends, shall not
be sufficient to pay such dividend for
such year at the rate Of seven per centum
wise made up out of the profits until the
full amount of dividends upon the pre-
ferred stock herein specified, without in
terest, shall have been paid before any
dividend shall be paid on the common
stock. The balance OF the profits of
the corporation, declarable as dividends,
may De distributed among the nOlQ6rS
of the common stock at the time. but no
dividend shall be paid upon or set apart
for said common stock unless dividends
to the full extent above provided upon
the preferred stock for all preceding div
idend periods shall have been paid, and
provision shall have been made for the
stock for the then current period, and
in event shall a greater dividend ever
be paid on the common stock than is
paid on the preferred stock, and all dfvt-
dends paid out of the profits or surplus
of the corporal ton declarable as divi-I
dends, over and above the amount neces-
asry to pay all the accrued dividends or
seven pen centum on said preferred stock
and dividends of the same extent on the
common stock. shall be equal.
In any distribution of the assets of the
corporation, upon dissolution or other
wise, said preferred stock and all accu-
mulatins thereon, namely, the difference
value of such preferred stock from the
date of its original issue to the date of
the amount paid as dividends on such
preferred stock, shall be paid IN full be-
fore any sum shall be paid on account
of common stock. and hereafter the com
assets remaining.
The entire voting power for the cleo
common stock and the holders OF the
preferred stock shall have no voting
power, in such elections Of directors, and
shall not be entitled to vote many cleo
ton of directors Of said corporation. At
all stockholders meetings, except Is
otherwise expressly provided in this Ger
tificate, each share of stock Of the com
pany, both preferred and common, shall
be entitled to one vote.
Fourth-The corporation shall exist for
(99 )years from the date OF
granting letters patent to it,
Fifth-The business shall be conducted
by a Board of not less than five or more
than nine directors, a President, First
and Second vfce-President. and Sec
rotary and Treasurer. The directors
shall be elected annually Al the meeting
of the stockholders to be held on the first
Monday in January. and the officers shall
be elected by the Board Of Directors at a
meeting held upon the same day. Until
the first election J. 2. Ramsey shall be
President. w. s. Bell, Vice-President,