The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1913-03-19

goods. dress goods and notions; to
erect any building or buildings nee
essary, or that may seem beneficial,
for the conduct of the aforesaid busl-
IL IS. to receive, handle and sell on
commission or consignment any and
IL ..::c!..: Of mems, wOmenls. and
....stivn clothing and any and all
kinds of dry goods. dress goods ami
notions; and to do any and all things
/ necessary for the proper conduct OF
the foregoing enumerated businesses.
ARTICLE llI-CAPITAL STOCK.
The capital stock of this corpora
ton shall be fifteen thousand ($15,-
100000 dollars. to be divided into
one hundred and fifty (150) shares
OF the par value of one hundred
($loo.OO) dollars each, to be paid in
money or in property to be used in
the conduct of the corporation, a just
valuation of which property shall be
agreed upon by the incorporators at
meeting called for that purpose. to
be paid one-half on demand, one
quarter in thirty 900 days from first
demand and One-Quarter in sixty
(6O> days from first demand Said
corporation shall have the right to
increase its capital stock to twenty
five thousand ($25. 00O.O0) dollars,
the par value of which shares shall
be one hundred ($l00.0O dollars
each
ARTICLE TERM OF EXIST
ENCE.
This corporation shall continue for
term Of ninety-nine years unless
sooner dissolved according to law
ARTICLE V-OFFICERS.
The officers of this corporation
shall be a president. a vice president.
secretary. treasurer, a general
manager and board of directors.
which shall consist of not less than
five members and not more than sew
en- members, and such other officers
as the board Of directors may see fit
to choose, which officers shall be
chosen at the regular annual meet
ing of the stockholders; said annual
meeting shall be held on the second
Tuesday in January in each year.
The date of the annual meeting may
be changed by the bylaws The
president. vice president, secretary
or treasurer may be the general
manager; the secretary and treas
Grtr may be one and the same per-
son. IN the election OF officers and
all other business to be transacted
b! the stockholders. each stOckhOld-
or shall be entitled to one vote for
each share of stock owned by him.
by proxy evidenced by authority IN
wriliu" signcd by the owner OF s.It!
stock No person who is not !. t.o:v,
fde stakeholder shall be cligih!" TO
hold any office in said corporation
except that OF general manager ana
such offices as are created by the
roard of Directors Until the officers
shall be chosen at the first annual
meeting and qualified, the business
o. this corporation shall be conduct
ed by tn" following officers. to-wit
+ t Eailcy shall be the president
and general manager.
q NJ Eaton shall be vice presi-
dent
" W. Mctlain shall be sccrctar,
and treasurer.
+ +. Bailey. W. w McClain, T..
II. Garland, o. NJ Eaton. II. b. car
ter, {. A. Windham and DR.. w. II.
Grower shall constitute the Board
! o. Directors.
ARTICLE vi LIMIT or LIABILITY
The highest amount Of liability or
| Indebtedness to which this corpora
tlon shall AT any time subject itself
/ shall b. an amount equal to the
amount of the capital stock at that
! time subscribed
/ ARTICLE SUBSCRIBERS OF
STOCK.
i The names and residences of the
subscribers for stock of this corpora
ton, together with the amount Of
capital stock subscribed by each, are
as follows