The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1914-01-17

r. S ROGERS
w. NJ. WILSON
FRANK ID. SANDERS.
EDNA WEBER
cory Q. THE PROPOSED CHARTER
CORPORATION
We. the undersigned. hereby assoc
ciate ourselves together for the purpose
Of ee &c min incorporates, rated, under the
to corporations for profit.
ARTICLE l.
Name
The name of this corporation shall
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
all other things usually incident and
necessary to such title and abstract
work; 10 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
perty. and as such agent to charge
and collect commissions for such SER
vices; TO act as trustee under mort
cages and deeds of trust on either real
! or personal property, and to execute
and deliver releases thereof, and do
and perform all other duties of such
trustee; TO act as trustee, assignee, or
receiver for persons, partnerships,
! corporations or estates. either by in
diyidua1 appointment or by order of
court, and TO be vested with all the
powers and authority conferred upon
such officer by law or otherwise; to
/ buy, sell or lease and deal in real and
/ the same; 10 deal in bonds, stocks and
mortgages; TO purchase its own pre-
| ferred stock and retire the same, and
to reissue same as needed; to buy or
| lease abstract plants and equipment,
and pay for same either in cash or in
/ the stock of the company.
ARTICLE Ill
Capital Stock
The amount of capital stock of this
corporation shall be ONE HUNDRED
! THOUSAND (S100.000) DOLLARS, di-
vided into one thousand shares of the
par value Of one hundred dollars each,
services a q just valuation thereof to
j be fixed by the board of directors at
meeting called for. such purpose. OF
the one thousand shares Of stock, five
hundred shares shall be preferred
stock, and five hundred shares shall be
common stock. The preferred. stock
shall receive from the net earnings Of
the company an eight per cent annual
cumulative dividend before any divid-
end is paid upon the common stock.
Out of any remaining net earnings the
preferred stock and the common stock
shall 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
common stock shall not receive in any
one year dividend in excess of eight
per cent until there has been created
and thereafter maintained surplus
net earnings fund equal to eight per
| cent on all issued preferred stock The
/ hve years from the date OF it's incor-
poration to retire any or all of the out
standing preferred stock by payment
to the owner thereof the par value Of
such stock plus ten per cent The
corporations intention to retire any or
all of the said preferred stock shall be
| evidenced by its written notice OF such
intention mailed to the last known ad-
dress of the holder of the stock so to
be retired at least ninety days before
the annual dividend payment day on
which such retiring is to be made
/ Preferred stock as to which such no.
tice has been given shall not be eligi-
bic to participate in the earnings from
and after the retirement date set forth
in such notice, and the funds for the
resumption thereof shall be deposited
by the treasurer of the company sep
arate and apart from all other funds
of the corporation, and shall be used
only for such retirement purposes. The
preferred stock last issued shall be the
first to be retired, and all retirements
shall be in that order.
ARTICLE Nv.
Term
The term for which this corporation
shall exist Is ninety-nine years.
ARTICLE V.
Officers
shall be conducted by a president,
i vice president, a secretary, a treas
E--A IT,. So. -f...
directors shall be chosen annually by
the stockholders at the annual meeting
held on the second Thursday in Febru-
choice OF all other officers shall be
prescribed by the bylaws. The office
Of secretary and treasurer may be held
) by one person. The following named
officers shall conduct the business Of
this corporation until those elected ., "a. at
i President, X. S. Rogers
VicA-President, w. NJ Wilson.
Secretary, Frank D. Sanders.
1 Treasurer, r. s. Rogers.
Board of directors. r. s. Rogers, W.
NJ Wilson, Frank D. Sanders, G. E.
Ahearn, Edna Weber.
ARTICLE vi
Indebtedness
The highest amount of Indebtedness
or liability TO which this corporation
shall subject itself is one hundred
thousand dollars.
ARTICLE VII.
Subscription
The names and places Of residence OF
the subscribers to the capital stock,
and the number of shares of stock
subscribed for by each, are as fol-
lows:
:, r s Rogers, ocala. Florida. 4so
shares.
W. " Wilson. Ocala, Florida, 10
ishares.
| Frank d. Sanders, Ocala, Florida 10
shares.
II Edna Weber, Ocala. Florida, 10
shares.
c. E. Ahearn, Ocala, Florida, 10
: shares.
State of Florida,
| Marion County.
| Before the undersigned authority
personally came r S. Rogers, w N
Wilson, Frank D. Sanders and Edna
| Weber, TO me well known to be the in
dividuals described in and who sub
| scribed their names to the foregoing
articles of Incorporation, and acknowl-
l. e. -