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

City Clerk ana endorsed bids for
Automobiles. The Board reserves the
right to reject any and al bids received.
A. GREENHUT.
LooAlllnovIt Mayor
SOUTHERN HAkEKIEs COMPANY.
We the undersigned viii upon the 10th
AZ practicable apply to the Hon. Park
Trammen. Governor of the State Of
Florida. for letters patent for the South
ern Bakeries Co, under the following
proposed charter:
We. T. 81 Ramsey. Of Birmingham,
Alabama: Fred L Ramsey. OF Birming-
mingham. Alabama, and A.. l. Glass. of
Pensacola. Florida, do hereby make ap-
us and our assigns into a corporation in
Florida under the following charter:
shall be THE SOUTHERN BAKERIES
COMPANY" and It's principal place OF
business shall be Pensacola. Florida.
second-The general nature of the
business to be transacted by said cor
poration shah be to buy. sell. at whole
manufacture all kinds OF nours, sugars,
candies spices. cakes, pastries, confec-
syrups. extracts. coffees, teas, ronaIco-
holic beverages baking powders, and all
other articles in the manuSa cture Of
which any kind Of -four or sugar is used:
TO acquire. hold, own, operate, conduct
and manage plants and factories for the
manufacture of said commodities, to ac-
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
faurants and cafes: to acquire, hold, own
and use formulas and recipes for the
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
~ @rk 90 - FrNR.~-
Florida
the corporation shall be two hundred
%Ehousand dollars. divided into eight thous-
and shares. each of which win be Of the
par value Of twenty-five dollars. and
which shall be paid for in cash or other
property at just valuation to- be fixed
shares OF said stock shan he nou1rsn1,
stock Six thousand shares OF said stock
shall be cumulative preferred stock. Said
60 receive when and as declared out Of
the surplus or the net profits Of the cor
poration q fixed yearly dividend of seven
per centuna, which dividend shall be
cumulative. and II the profits OF any one
year. declarabie as dividends, shall not
pe sumcient TO pay such dividend for
per annum. then the same sl1sE be other
wise made up out Of the profits until the
ferred stock herein specif1ed. without I'm
ferests shall have been paid before any
ulVlueno sndu be paid on the common
stock. The balance Of the profits OF
the corporation. decIarabie as dividends, 4
Irey be distributed among the holders
OF the common stock at the time. but no |
dividend shall be paid upon or set arvsrt |
Tor seid common stock unless dividends |
70 the full extent above provided u-on |
idend periods shall have been paid. ard |
provision shall have been made for the
payment Of dividends on the preferred +
in no even shah q greater dividend ever I
be paid on the scornmonss stock than is !
paid on the preferred stock. and all divi-
dends paid out OF the profits or surplus
OF the corpora ton decIarable as divi-I
dends. over and above the amount neces-
&gry to pay all the accrued dividends of /
seven per centun 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, unon dissolution other
wise. said preferred stock and all accu-
rnulatins thereon. namely. the difference4
between seven. per centrum OF the rar
value OF such preferred stock from the
date OF its original issue to the date OF /
the amount paid as dividends on such 1
preferred stock. shall be paid in full be- L
fore anv sum shall be paid on account I
OF common stock and hereafter the corn
mon stock shall be entitled to the entire 1
assets remaining.
The entire voting power for the cleo
common stock and the holders of the
preferred stock shall have no voting
shall not he entitled 70 vote nanv eiec-
fion of directors Of said corporation. At
all stockholders meetings.. except as
otherwise expressly provided In this GER
tif7cate. each share of stock of the com
PAW. hnth preferred and common, shall
be entitled to one vote.
Fourth-The corporation shall exist for
ninety-nine {ee wears from the date of
granting letters ratent to 1t.
Fifth-The business shall be conducted
by a Board OF not less than Eve or rrore
than nine directo-s. a President. First
and Second Vfce-President and Sec II
rotary and Trea surer. The directors
shah be elected annually at the meeting
Of the stockholders to he held the first
Monday In January, and the officers shall
be elected bv the Board OF Directors at
meeting held upon the same day Until
the first election ]. r Ra r.sev shall be
President W. s. Bell. Vice President
Fred l. Ramsey, Second vice-President.
and A. Glass Secretary and Treas
urer. and the above named persons. to-
gefher with p. p. Pepper, shall c0nsti- 4
tute the Board of Directors.
S1Sth--The highest amount of in5ebt-
'@dness TO which the CORPORATION shall at
any time subject itself shall be two hun
lars.
seventh-The said subscribers sub
scrieed TO- the following amount of
n Ramsey. 1870 shares of common
W. 8. Bell. share of common stock
Fred L. Ramsey. share OF common
4 L. Glass. $40 shares Of common
T. 2. Pepper. share of coro-,on stock
w. s. BELL.
I 3 1880 FRED L RAMSEY.
" a. L. Glass.