The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1914-02-07

". NJ WILSON.
FRANK D. SANDERS.
EDNA WEBER.
cory OF THE PROPOSED CHARTER
OF FLORIDA TITLE q ABSTRACT
CORPORATION
We. the undersigned, hereby asso-
ciate ourselves together for the purpose
of becoming incorporated under the
| laws of the state of Florida applicable
! to corporations for profit.
ARTICLE I.
Name
be Florida Title and Abstract Corpora
| ton, and its principal place of bust
ness shall be in the city of ocala. Mar
ion county, Fla, but it may establish
Offices and branches in such other
place or places as it shall deem desir-
able in the conduct Of its business.
ARTICLE II.
/ Business
The general nature OF the business
to be transacted by this corporation
shall be to make and sell ABSTRACTS of
! title to lands, to issue title certificates
and title, guarantee policies, and to do
/ all other things usually incident and
necessary to such title and abstract
work; to act as agent of the owner in
/ the renting, selling, general care and
/ handling of real estate and personal
property; to loan its own funds and to
act as agent Of others for the loaning
| of funds upon real and personal prop
perty, and as such agent to charge
and collect commissions for such SER
cages and deeds of trust on either real
! or personal property, and 10 execute
and deliver releases thereof, and do
and perform all other duties of such
! trustee; to act as trustee, assignee, or
! receiver for persons. o-partnerships,
corporations or estates, either by in
court COZ and to be vested with ali the
! powers and authority conferred upon
such officer by law or otherwise; to
buy, sell or lease and deal in real and
the same; to deal in bonds, stocks and
mor*ss ges; to purchase its own pre-
| ferred stock and retire the same, and
/ 10 reissue same as needed; TO buy or
tlease abstract plants and equipment,
and pay for same either in cash or in
the stock of the company
ARTICLE III.
Capital stock
The amount of capital stock of this
corporation shall ,be ONE HUNDRED
vided into one th$lsand shares of the
| par value of one Hundred dollars each,
/ payable in cash Or property, labor or
services at a just valuation thereof to
! be fixed by the board of directors al
meeting called for such purpose. OF
the one thousand shares Of stock. five
stock, and five hundred shares shall be
common stock. The preferred stock
shall receive from the net earnings of
cumulative dNYdend before any divid-
{ end is paid upon the common stock.
Out OF any remaining net earnings the
/ preferred stock and the common stock
snail each receive equally up TO a four
per cent additional dividend. and any
additional net earnings shall belong
entirely TO the common stock, but the
/ mmon stock shall not receive in any
one year a dividend in excess of eight
per cent until there has been created
and thereafter maintained a surplus
] net earnings fund equal to eight per
cent on all issued preferred stock The
corporation shall have the right after
| five years from the date of its incor-
! standinA preferred stock by payment
10 ;hs'SWner thereof the par value Of
such stock plus ten per cent The
/ CORPORATIONS intention TO retire any or
! al 81 the said preferred stock shall be
eVjA need by lis written notice Of such
int tion mailed TO the last known ad-
dre& Of the holder of the stock so TO
/ be 8etired at least ninety days before
thef annual dividend payment day on
~ such retiring is to be made
! Pr4erred stock as TO which such no.
! - has been given shall not be eligi-
J bliH 0 participate IN the earnings from
( a 16ef~er the retirement date set forth
&~ ch notice. and the funds for the
1nptiou thereof shall be deposited
/ bE he treasurer Of the company sep
al.& and apart from all other funds
Of corporation. and shall be used
orl4 for such retirement purposes. The
preE fred stock last issued shall be tha
! frsS 10 be retired. and all ret5renen Is
~ be in that order
ARTICLE "
~ term for which this corporstion
/ shall exist IS ninety-nine years.
ARTICLE Y.
Officers
The business OF this corporation
shah be conducted by president, a
vice president, a secretary. q treas
urer, and board OF FIVE directors The
directors shall be chosen annually by
|tne stockholders al the annual meeting
held on the second Thursday in Fehru-
arg Of each wear The manner Of the
choice Of ali ether officers shall be
! prescribed by The bylaws The Office
/ o. secretary and treasurer may b. held
bv one person. The following named
officers SHAH conduct the business Of
this corporation until those elected az
I the first annual meeting shall qualify:
\ President. r. s Rogers.
II President. W. NJ Wilson.
3 Secrear%. Frank D. Sanders
II Treasurer. r s. Rogers.
II Board OF directors. r < Rogers. ".
". Wilson. Frank d. Sanders, - E.
II Aaearn, Edna Weber.
ARTICLE VI
Indebtedness
Il The highest amount Of indie btedness