The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1913-03-26

1918, by and between J. w. ScaIly
II. d. Bassett, and Dolia Scally ant
Mamie !. Bassett. who hereby a.
sociate themselves together as
body corporate under the constitu
ton and laws of the State of Flor
ida, and hereby adopt the following
as their articles Of Incorporation. TO-
wit:
First. The name of this corpora
ton shall be Scally & Bassett
Realty Company, and its principal
place of business shall be in the City
Of Lakeland, county of Polk, and
State of Florida, with such branch
places of business within the United
States Of America or any foreign
country. as may be determined by
the board Of directors.
Second. The general nature Of
the business to be transacted by this
corporation shall be ~ follows:
(a) To purchase, lease. or other
wise acquire lands. tracts. mineral
and rights. to buy. sell. export and
import. saw and prepare for market.
and generally deal in timber and
wood Of all kinds.
10 To construct, erect. equip,
repair and improve houses and
buildings Of all kinds and descrip-
lions, to build and operate ice plants
and steam laundries.
&c, To gather. receive. distribute
and deliver goods and merchandise
and to carry on a general distribu-
ton and freight business: and to
that end to own and operate its own
vessels, cars and vehicles, of what
ever nature and description, or to
contract with transportation, rail-
road. express and other companies
for the use Of their vessels, cars and
vehicles, Of whatever nature and
description; and to contract with
said companies for the collection.
transportation or distribution Of
goods, wares and merchandise to
md from all points and places where
hey may seem advantageous and
profitable to carry on such business.
20 construct, maintain and operate
.ramroads and railroads. but not to
Use said means of transportation for
he purpose of doing the business of
I common carrier.
(d) To buy, sell, exchange and
generally deal In real and personal
property.
(e) To act as brokers. agents and
'xustees for the purchase, sale.
management and disposition Of land
md the productions thereof.
(f) To subscribe for, purchase,
receive, or hold for investment, or
otherwise sell, dispose Of, make con-
veyances of stock, shares. bonds, Sc
,urities or obligations Of other cor
1orations whatsoever or wherever,
located or organized, and to exer-
Use any voting power thereof.
(g) To borrow money and secure
the same by bills of sale, mortgages.
pledges, deeds, bonds, notes. con-
tracts, Or other obligations therefor;
to guarantee and assume bonds and
OBLIGATIONS of other corporations.
And in addition to the powers
hcrcinteforc specified and those that
may be implied thercfrom, the cor
poration shall have all the rights
and all the powers which are Grant
ed To corporations by the constitu-
ton and laws OF the state of Flor
ida.
Third. The amount of capital
stock OF this corporation shall be five
thousand dollars $5.O00.O0), di-
vided into fifty (50) shares Of the
par value of one hundred dollars
C$10OO each. All stock shall be pay
able in lawful money of United
States of America. or in property,
labor or services. at just valuation,
to be fixed by the board Of directors
or incorporation, at meeting called
for that purpose. Ten (10) per cent
Of the capital stock shall be sub
scribed before the transaction of
business. except such business as
may be preliminary to its organiza-
ton.
Fourth. The term for which this
corporation shall exist shall be
ninety-nine (99) years following
after the date of the issuance Of let
ters patent hereof.
Fifth. The business Of this cor
poratfon shall be conducted by a
president. one or more vice presi-
dents, secretary and treasurer. any
two Of which may be held by one or
the same nerson, and not less than
three 80 nor more than seven ca,
directors. The directors shall be-
elected annually by the stockholders,
on the third Wednesday in January,
and they shall elect the other officers
Of the corporation. The officers Of
this corporation who shall conduct
its said business until the first an
nual election shall be: II. d. Bas-
set, president: Mamie l. Bassett,
vice president; J. w. Scally, secre-
tary and treasurer; and H. D. Bas-
sett, ]. W. Scally and Dolia Scally
shall constitute the board of iirec-
tors.
Sixth. The highest amount Of in
debtedness or liability to viii h this
corporation can at any time subject
itself shalt be five hundred thousand
$500. 000D dollars.
Seventh. The names and resi-.
dences Of the subscribers and the
amount Of capital stock subscribed
for by each are as follows
H. d Bassett, Lakeland, Fla, %