The Ocala banner. (Ocala, Marion County, Fla.) 1883-194?, 1914-10-30

proposed CnaFCer.
The undersigned subscribers hereby
associate themselves together for the
purpose of becoming incorporated and
forming a corporation under and by
virtue of the laws of the state of Flor
adt, with and under the following pro
posed charter.
ARTICLE /
The name of this corporation shall
be Southern Peanut Product Com
pany, and its principal place of bust
ness shall be at Reddick, in the county
of Marion and state of Florida, with
the right to establish branch offices
at any other place within the state of
Florida as it may from time to time
desire.
ARTICLE II
The general nature of the business
to be conducted and transacted by
this corporation sail be to buy, sell,
own, lease, rent, mortage, convey and
otherwise acquire and deal in real
estate; to do general manufacture
ing business of all products made in
whole or part from peanuts or the
vine of peanuts, to buy, sell, manufac-
ture and deal in peanut butter and all
bi-products, or kindred products, to
plant, grow, buy, sell and deal in pea
nuts, peanut hay and all feed stuffs,
either wholesale or retail, to do a
general canning business by canning,
bottling, picking, buying, selling, and
dealing in all products of the farm
which may be canned, bottled, jellied,
preserved or picked, either by whole
sale or retail.
ARTICLE III
The capital stock of the corporation
shall be ten thousand dollars (s10,000)
divided into one hundred shares of
the par value of one hundred dollars
each. which shall be paid for either
in whole or part by cash, or in prop
erty. labor or services at a just valu-
alton to be fixed by the directors of
the corporation at meeting called
for that purpose.
ARTICLE Nv
The term for which this corporation
shall exist shall be ninety-nine (99)
years from the date letters patent
issue, unless sooner dissolved accord
ing to law.
ARTICLE v
The officers of the corporation shall
be president, a vice-president, a
secretary and treasurer and a board
OF directors of not less than five nor
more than nine, the other officers
may also be members OF the board of
directors; more than one office NAV
be held by one and the same person.
Jhe board of directors shall be elect
ed at the annual meeting of the stock
dfUiders to be held in the town of
Reddick at the principal place of bus.
iness OF the corporation on the third
Tuesday In October at 10 o'clock a.
m, unless otherwise provided by the
bylaws, beginning in the year 1915:
all other officers shall be elected an
nually by the board of directors at
such time as may be provided for by
the bylaws. The president shall be
ex-officio chairman of the board of
directors, and unless otherwise pro-
vided by the bylaws shall act as
chairman of the stockholders meeting
ii present. Until the officers elected
at the first annual meeting of the
stockholders shall be qualified
the business shall be conduct
ed by the following officers:
President, S. L. Fridy: Vice-Presi
dent, S. C. Mayo; Secretary and
Treasurer, L. c. McClaran; Directors
S. L. Fridy, S. c. Mayo. c. M. earn, J
3. DeVore, ]. c. Dupree, G. E. Smith
and b. s. Dansby.
ARTICLE VI
The highest amount Of indebted
ness to which this corporation can al
any time subject itself, shall be the
sum of ten thousand dollars.
ARTICLE VII
The names and addresses of tn,
incorporators of this corporation to
gether with the amount of stock sub
scribed by each of them, are as fol
lows, to-wit:
Name Address Share
;. j. Fridy, Reddick, Fla,
s. c. Mayo, Reddick, Fla.
l.. c. McClaran, Reddick, Fla.
B. S. Dansby. Reddick, Fla.
s. f. Rou. Lowell, Fla.
n. A. McClaran, Reddick, Fla.
w, H. Sherouse, Reddick, Fla.
j. G. DuPree, Reddick, Fla.
g. E. Smith. Reddick, Fla.
DeVore & Young. Reddiek, Fla.
Ia 5. Light, Reddick, Fla.
j. w. Huffman, Sparr, Fla.
9. NJ. earn, Reddick, Fla.
VIM. nj. Gober, Ocala, Fla.
In witness whereof the said incor
porators have hereunto set thei
hands and seals. this the 9th, day o
October, A. ID. 1914.
S. l.. FRIDY (SeaD