The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1913-03-12
NOTICE. OF INCORPORATION.


NOTICE OF INCORPORATION.
Notice is hereby given Of the intention
OF the undersigned to apply to the Gov
ernor of the State OF Florida on the 18th
day OF April. A. D. 1913 for letters patent
incorporating US. our associates and sue
cessors. into a body polite and corporate
under the name Of TIE SouTHIE 1E2 J:
Tor the purposes and upon the terms set
forth in the following proposed charter.
We. Thomas s. Downey. Daniel Proctor
and w. s. Guest, do hereby make appli-
cation for letters patent, Incorporating us
and our associates into a corporation IN
the State OF Florida. under the following
proposed charter:
The name Of the corporation shall be
1.-THE SOUTHERN LOAN AND REAL
ESTATE COMPANY" and its principal
place of business shall be in the City of
OF Florida. and to establish branch offices
wherever they wish
The general nature of the business to
be transacted shall be to buy SELL ex-
change and deal In real estate including
improved and unimproved lands. To buy
bonds OF all kinds, whether issued by
governmental authority or by industrial
and commercial corporations or by private
individuals: to buy shares of the capital
stock of other corporations and securities
and evidence of indebtedness of all kinds
whether the same are negotiable or
otherwise. And to purchase, exchange
chooses in action for its own account and
for the account of Others either upon a
commission basis or otherwise, and
whether issued by public authority or
otherwise. To do and perform any and
all services required in connection with
and incident to, the business herein
mentioned; to prepare for issue and sale
of any kind. issues or bond. or other evil
dences of indebtedness, and to contract
or series Of bonds. or any evidence of in
debtedness. To act as agent for other
persons In any capacity; TO rent its own
property and that of others and to coll
tect the same and to improve the same
and charge therefor when NJ .essary; to
act as broker for any person. .irm or cor
porafion. and to do any and all acts nee
essary 70 the successful carrying on of
the business mentioned and described in
these articles of incorporation; to accept
lruSIeesnlp and to act as trustees under
MORTGAGES and deeds of trust. executed
by individuals and corporations, providing
Tor the securing of Indebtedness evidenced
by bonds or other instruments and to do
and perform all it's acts necessary or
proper to be done by trustees appointed
and acting for such purposes: to buy and
sell. by discount or otherwise, any class
or existing Indebtedness of all kinds
whether secured by lien, real or personal
properly. or unsecured: to negotiate loans
Tor others, for a consideration and upon
the security. or lien by mortgage on real
or personal property; to hypothecate such
securities. STOCKS, bonds. other things
OF value. or any other evidences of in
debtedness; to act as broker in such
transactions. or other transactions. and
TO guarantee for consideration the
validity or the payment of any loans so
negotiable or made or any indebtedness
70 contract for and oversee the building
or houses for rent or sale; to act as real
estate agents or brokers upon a COM
mission or profit-sharing basis, and to
borrow money and to secure the nav
inent OF same. by hypothecating its securi-
ties by lien or mortgage, or otherwise
upon any property. real personal or
chooses in action of the said corporation
or by pledging. when necessary. and with
the approval of the Board of Directors,
for said purposes:
THIRD.
Inc sa- ainount OF the capital stock shall
thousand shares of the par value of ten
dollars each Payment for said capital
stock may be in property, real or per-
sonaI. or services, at a lust valuation TO
be fixed by the Board of Directors at a
regular meeting. at a meeting called
lent. " 10 e40i'"
FOURTH.
Said corporation shall exist for a period
of ninety-nine years unless sooner dis
solved according to law.
FIFTH
- The business Sof the corporation shall
not less than three. nor more than five,
and the office of Secretary and Treasurer
may be held by one person: said officers
shall be elected annually at a meeting of
the stockholders to be held on the first
Monday of May of each year. and the
officers shall be elected by the Board of
Directors at a meeting to be held on the
same day. The first annual meeting shall
be held on the first Monday of Nav. 1913
shall be President, Daniel Proctor shall
be Secretary and Treasurer and w S.
Guest: Vice-President, and the above
named persons shall constitute the Board
OF Directors until the first meeting.
SIXTH.
The incorporators ask the right to in
q cot II CO., ifeF ST IL
TO time. if 1t should become necessary
to the sum of one million dollars
SEVENTH.
The highest amount of indebtedness to
which the corporation can at one time
subject itself. shall be one million dollars.
EIGHTH.
Temporarily bylaws may be adopted
by the said officers until the first meeting
OF the stockholders.
The names and residences OF the sub
scribers are as follows:
Thomas s. Downey. Pensacola. Fla.
Daniel Proctor. Pensacola. Fla
W. s. Guest. Pensacola Fla.
TENTH.
The said subscribers subscribe for the
Thomas ma s. poanev 2 500 shares.
Daniel Proctor. 1900 shares.
w S. Guest. 10 shares
In witness whereof. the above men,
toned subscribers have hereunto signed
their names.
(SeaD THOS. s. DOWNEY.
(SeaD DANIEL PROCTOR,
(Seal) w. S. GUEST.
L. w. NELSON. Attorney for 1ncorpor-
ators.
State of Florida. Escambia County
Personally appeared Thomas s. Downev.
known to me to be the individuals de-
scribed bv said names herein, and each
acknowledged that they executed the
foregoing instrument for the uses and
purposes therein mentioned.
THOS. s. DOWNFY
DANIET, PROCTOR,
W. S. GUEST.
Sworn to and subscribed before me.
this, the 4th day Of March. A: -. 1919.
L. w. NELSON