The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1914-04-13
lTUPUStU OlldIVeI VI V1Io I YIN y
DEVELOPMENT Company

Development Company
The undersigned hereby associate
themselves together for the purpose
laws of the State of Florida, for the
transaction of business under the
following charter:
Article
The name of this corporation shall
be The Polk County Development
Company. and it's principle office and
place of business shall be in the City
Of Lakeland. FLORIDA. Polk county:
it's business shall be conducted there
and in such other places in the
State of Florida and elsewhere,
through branches, agencies. agents
and otherwise. as NAV be necessary
and convenient.
Article Q
The general nature OF the business
said corporation shall be to buy.
own. sell. rent. lease. improve and
otherwise deal in real estate: to give
and take conveyances and MORTGAGES
upon real estate, and to do all thine
necessary to real estate business;
to issue corporate bonds and 10 sell
deal in personal property, securities
and chooses in action to build and
own railroads, tramways. automO-
biles and other modes of transporta-
tion and conveyance in connection
with their said business to contract
and be, contracted with: to sue and
be sued. and to have and use cor
porate seal.
Article 3
The amount of the capital stock of
dred thousand l$3GO,0O0.00) dol
lars. to he divided into shares of the
par value of one hundred .tSlOo.0ol
dollars each. and said stock shall be
paid for either in money. or real or
personal property, or in labor or
services. and when paid for in real
or personal property, or labor or
valuation to be fixed by the incor-
porators or by the directors. at
meeting called for such purpose.
Article 4
The term for which this CORPORA
ton shall exist shall be thirty wears
Article 5
The. business of, said CORPORATION
shall be conducted BY a president.
vice president. secretary. assistant
secretary and treasurer. and BY
board of directors of not less than
six, nor more than eight persons. TO
be determined by the stockholders.
The officers who will have charge of
til those first elected shall qualify.
shall be- G. NJ. CLAYTON. presidents:
W, +. Sammon, treasurer and as
sistant secretary: e., {. Rogan.
vice president. and G, G; Barton.
as NAV be chosen by the stockhold-
ers from time to time. Humphrey
Barton, c. NJ. CLAYTON. G.. G. Bar
ton, >W. T. Sammon. HUGH Larmon
and G.. e. Rosan shall constitute
the first board of directors. The of
vice president BY one and the same
person. The annual meeting of the
stockholders and directors shall be
held on the second Tuesday in Janu-
ary of each and every year.
ARTICLE
The corporation shall adopt an an
proDriate seal and shall adopt bv-
aMs I nnt inc MIN OF IT'S at
cles OF incorporation and the laws of
the State of Florida. which hv-laws
NAV be amended or reDealed as NAV
be provided in said bylaws.
Article
The highest amount of indebted
ness or liability to which this cor
poration can at any time subject
ltSelI SndIl De not exceeding double
the capital stock of the company.
and in no event shall the indebted
ness. (including anv bonded indebt-
edneSS exceed the par value of the
capital stock and the fair value of
the real and personal property and
chooses in action owned by the cor
poration.
ARTICLE
The names and residences of the
incorporators of the said corporation
and of the subscribers of stock there
of, with the number of shares of