The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1913-11-18
LEGAL NOTICE.


We. the undersigned viii upon the 10th
14y OF December or as soon thereafter
IraInmen, Governor OF the State OF
Eior1oas for letters patent for the South
ern Bakeries Co. under the following
We. J. e. Ramsey. of Birmingham.
laDama; Fred I. Ramsey. Of Birming-
nins:bs Alan am e. = Pepper. Of BIZ r.
Esnsacola, Florida, do hereby make ap-
pncatton for letters patent Incorporating
7ccordance with the laws of the State Of
Florda under the following charter:
shall Be lite 5ao our q fhS s 1RgERf1os
SOMsPANY, and Its principal place OF
business shall be Pensacola, Florida.
second-The general nature Of the
business to be transacted by said cor
pcrztion shall be to buy, sell. at whole
sale and retail. exchange. make and
candles spices, caEes. p pastpies s' confec-
zlonar1es, chewing gum, breads, crackers.
-yrups, extracts. coffees, teas. nonalco-
other articles in the vnanufa cture OF
which any kind of -four sugar is used:
% acquire. hold, own, operate, conduct
And manage plants and factories for the
manufacture OF said commodities. to ac-
qulres hold, own, manage, operate and
the sale OF all kinds Of commodities; to
ACQUIRES 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
90 and perform all acts that corporations.
any private enterprise or enterprises, are
authorized to do and perform under and
by virtue of the laws Of the State of
Third-The amount OF capital stock OF
the corporation shall be two hundred
thousand dollars, divided into eight thous-
and shares. each of vvn frH will he of he
par value of twenty-five dollars, and
which shall be paid for in cash or other
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
the surplus or the net profits of the cor
poration q 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
per aTnun. then the same shall be other
wise made mp out Of the profits until the
full amount of dividends upon the pre-
ferred stock herein specified, without in
terests shall have been paid before any
dividend shall be paid on the common
stock. The balance of the profits of
the corporation, declarabIe as dividends.
may be distributed among the holders
OF the common stock at the time, but no
dividend shall be paid upon set apart
Tor said common stock unless dividends
70 the fun extent above provided uDon
the preferred stock for all preceding div
1dend periods shall have been paid, and
provision shall have been made for the
payment of dividends on the preferred
stock for the then current period. and
IN no event shall a greater dividend ever
be. paid on the common stock than Is
paid on the preferred stock, and all divi- /
dends paid out of the profits surplus |
OF the corporation declarable as divi- |
dends, over and above the amount neces-
tn all fha az dfxvida1dQ IF /
seven per centun on said preferred stock I
ana dividends of the same extent on the 1
common stock, shall be equal +
In any distribution of the assets of the. /
corporation upon dissolution or other
wise. said preferred stock and al accu-
nulatins thereon. namely. the difference
between seven per centum of the par I
value of such preferred stock from the
date Of its. original issue to the date of
such distribution, and the aggregate Of /
the amount paid 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
mon stock shall be entitled to the entire
assets remaining.
The entire voting power for the cleo
ton OF 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 not be entitled TO vote 1 many cleo
ton Of directors of said corporation. At
otherwise expressly provided in this GER
tif1cate, each share of stock OF the COM
pany, both preferred and common, shall
be entitled to one vote.
Fourth-The corporation shall exist for
pinety-nine cog wears from the date of
granting letters patent to it.
F1fth-The business shall be conducted
by a Board OF not less than five or more
than nine directors, a President, First
and Second Viee-President and a Sec
rotary and Treasurer. The directors
shall be elected annually at 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 y. F. Ramsey shall be
President. w. S. Bell. Vice. President.
Fred l. Ramsey. Second vice-President,
and A. Glass. Secretary and Treas
gether with p. p. Pepper, shall consti-
tute the Board of Directors.
Sixth-The highest amount of indebt-
edness to which the CORPORATION shall at
any time subject itself shall be two hun
dred and fifty thousand (S25o. 100000 dol
ssventh-The said subscribers sub
scribed to the following amount of
J. e. Ramsey. 1910 shares of common
w. s. Bel. share OF common stock
Fred L. Ramsey. / share of common
a. L. Glass. $50 shares of common
stock
P. p. Pepper. share of common stock.
]. E. RAMSEY.
W. S. BELL,
FRED L. RAMSEY,
A. r. GLASS,
p p PEPPER
A Av,sNx -4vxyi