The Palatka news and advertiser. [volume] (Palatka, Fla.) 1908-19??, 1913-04-04
HOWELL A. DAVIS,

under and by the following proposed
articles of Incorporation, which Shall
'' 10 N''''' W HOWELL A. DAVIS,
II. O. HAN1M, ---- ----
L. w. WARREN.
ARTICLES OF INCORPORATION OF
PALATKA DEVELOPMENT
COMPANY.
Article l.
The name of this corporation shall
he Palatka Development Company, ana
it's offices and principal place of bust
ness shall be located in the city of
Palatka, County of Putnam and State
of Florida, with leave to establish and
maintain branch offices elsewhere.
Article II.
The general nature of the business
or businesses to be transacted by this
corporation shall be as follows:
To acquire, buy, own, hold, lease,
rent. mortgage, pledge, contract for,
dispose of by contract and otherwise,
in any and all manners, to handle and
otherwise to deal in, improve and man
age real property and personal prop
erty, without limit as to amount, in
the State of Florida and elsewhere: and
to erect, build, construct and maintain
such buildings, houses or structures
as are desired or deemed proper; and to
take and let contracts for and in the
erection, building, construction, equip
ment and maintenance of the same to
borrow and loan money; to issue bonds
certificates, notes and other paper, me-
gotiable and nom negotiable, and to
secure the same, or any part thereof
with the property, privileges and fran
chises of the corporation; and to sub
scribe for, purchase, hold, dispose Of
discount and hypOtheCate stocks, bonds,
notes, mortgages, or Obligations of in
dividuals, firms or other corporations,
for investment or otherwise, and to
act as brokers. factors and agents for
persons, firms or other corporations;
to stock, own, manage and operate
commercial and mercantile businesses
and enterprises; to engage in, own.
operate and manage mines and mining
enterprises, turpentine stills and naval
stores plants, and to acquire, own, dis
pose of and manufacture timber lUHi-
Der and ties; to dig, drill and bore
wells; to manufacture sell, establish
maintain, supply and furnish iTrigd-
ton systems, plants, machinery ana
supplies and, generally, to have, eN-
4rcise and enjoy all the rights, powers
md privileges necessary or convenient
md incident to corporations for profit
organized and existing under and by
Lirtue of the laws of the State OF
Florida.
Article III.
The amount of the capital stock OF
his corporation shall be FIFTY
WHICH shall be divided into FIVE HUN
the par value of ONE HUNDRED
($1OO.O0C DOLLARS. All payments for
he capital stock of this corporation
shall be pade in lawful. money of the
United States of America; provided.
however. that payments for said cap
ital stock, or any portion thereof, may
be made in property, labor, or services
1t just valuation to be fixed by the
of this corporation, at a meet
ing called for such purpose and pro-
iided further, that property, labor or
services may hereafter be purchased
)r paid for with capital stock of this
corporation, at just valuation of SUCH
property, labor or services, to be fixed
by the then directors of this CorpOra.
non, at meeting called for that pur-
pose.
Article ~.
Tle term for which this COrpOration
shall exist shall be ninety (99D
years. >'''
Article V.
The business or businesses of This
corporation shall be conducted by In,
o2Ilowlng officers, to-wit: A president |
nee president, secretary and treasurer.
provided that the same person shall |
De eligible to hold the two latter uGi- !
'eS), and a board of directors. Th |
'tficers of this corporation shall hold |
Itfice for a period or term of ono III |
ear from the date of election, or unti! |
heir successors are elected and anal |
ned and shall be elected at its rrlgIill
tnnual stockholders meeting. V.Iiri
nail be held in the offices of this cor
hin a'iE NJ at balatka' Florida ON tn,
hlrd Wednesday in January of rarr
ear, at the hour of ten o'clock. IN
hcorporatOrs and stockholders sh3i
meet at the office of the CORPORATION
n iii me at CITY Of Palatka, on Tuesday
or, the purpose of adopting by-iaI'y
nd transacting any other busIn,,,
men may come before the StoCknuld.
rs meeting. Until the officers rIrrt,5
L ihe hrst annual meeting shall b.,
ucted by the following officers. Tnv.-
Il A: Davis, President; H. q. H9mn,
Ice President; l.. w. Warren Srrrr-
ify and Treasurer. AS Board of Di-
1tt9rS; VI, Howell A. Davis, II. .. Hamin
MI Article VI.
me hlghest amount of indebtedness.
Inability to which this corporatin,
In, az any time, subject itself, is On.
r III Thousand ($lOO,OOO.OO) Dol
Article VII.
me names and residences of the sub
RIDERS to these articles or InCornor- J.
lon are as follows: ''' d
DWELL " L La, a; DAVIS, PALATKA, FLA. =
w w W Amn8Mf55zz77-----PALATKA FLA, =.
~ MARREN------PA nix q
we, the undersip ned subscribing IN
operators, do hereby subscribe fmr
n ~ Utis VI Sapltal stock Writtrl 10
r respective signatures hereto. '''''
IN witness whereof. we have bnr,
no set our hands and subscribed n,r "
10. -i"i 'I" A d.,
seventy (7O) shares of capital stool; a.
owel \. Davis; seventy shares 1SG I"
ares ares OF ga capital stock, H. 0. Hamm, 81
w. Warren. s'ock' {,
ATE on ET npIT.
County of Putnam
personally appeared before mn.
lcer duly authorized 10 t,ii,,'' an y
of deeds. HoWcu 'J-
WIS, II, Q. Hamm and l.. W vyarr..,,'
IN ~ u OF whom is to me wei and n, ~. o..
laily known and known bT .Int H'
the persons whose names ar, s slr 10 q.
,, me foregoing instrument ms s|I IL,
up for the amount of CaSi ii a,
'ek OF Palatka Developmaut0 pal >l
ny, written TO the left Of ana I'm, I'm en-
.tely opposite their rcspecti,li ''t a, s'l