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

!! all kinds OF mems, women's, and
/ children's 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 OK
the foregoing enumerated businesses.
ARTICLE III-CAPITAL STOCK.
The capital stock Of this corpora
ton shall be fifteen thousand ($15.-
'0OO.00) dollars, to be divided into
| one hundred and fifty (15O) shares
of the par value Of one hundred
($lO0.00) dollars each, to be paid In
! money or in property to be used In
the conduct of the corporation. q just
valuation Of which property shall be
agreed upon by the incorporators at
a meeting called for that purpose. to
be paid one-half ON demand. one
quarter in thirty (3O) days from first
demand and one-quarter In sixty
(6O days from first demand. Said
corporation shall have the right to
increase it's capital stock to twenty
five thousand ($25. 00O.0O) dollars,
the par value Of which shares shall
be one hundred ($100.O0) dollars
each.
ARTICLE Iv-TERM OF EXIST
ENCE.
This corporation shall continue for
! q term of ninety-nine years unless
sooner dissolved according to law.
ARTICLE V-OFFICERS.
The officers of this corporation
shall be a president. vice president.
a secretary, treasurer, a general
manager and a 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
urer may be one and the same per-
son. In the election of officers and
all other business to be transacted
by the stockholders. each st0ckhold-
er shall be entitled to one vote for
each share of stock owned by him.
which vote may be cast in person or
by proxy evidenced by authority IN
writing signed by the owner Of si,l
stock. No person who is not = tow
fide stakeholder shall be eligibl" to
hold any Office in said corporation
except that of general manager and
such offices as are created by the
Board of Directors. Until the officers
shall be chosen at the first annual
meeting and qualified, the business
o. this corporation shall be conduct
cd by the following officers. tO-wit:
Y. =. Bailey shall be the president
and general manager.
o. NJ. Eaton shall be vice pres'
dent.
W. W. McClain shall be secretary
and treasurer
T.. f. Bailey, w. w. McClain, =.
II. Garland, o. NJ. Eaton. II. Ii. Car
ter. e. A. Windham and DIR. w. r.
Grower shall constitute the Board
OF Directors.
ARTICLE VI-LIMlT or LIABILITY
The highest amount Of liability or
Indebtedness to which this corpora
ton shall at any time subject itself
shall be an amount equal to the
amount of the capital stock at that
time subscribed.
ARTICLE VlI-SUBSCRIBERS OF
STOCK.
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