The Ocala banner. (Ocala, Marion County, Fla.) 1883-194?, 1914-02-20

IT. ItpkCsl c. mCFdC company
"a corporation)
We, the undersigned, hereby asSo-
ciate ourselves together for the pur-
pose of becoming incorporated under
! the laws of the state of florida, ap-
plicable to corporations fc' profit.
ARTICLE Name: The name of
this corporation shall be Crompton &.
McRae Company, and its principal
place OF business shall be in the city
| of Ocala, Marion county, Florida, but
| it may establish Offices and branches
! in such other place or places as it
shall deem desirable in the conduct
| of its business
/ ARTICLE 2-Business: The gener-
al nature of the business to be trans
acted by this corporation shall be to
buy and sell goods, wares and mer-
chandise, to take orders therefor, TO
make clothes to order, and to do all
things necessary in the conduct of
merchant tailoring establishment, to
loan its own funds upon real estate
and personal property, to buy, own,
| sell and rent real estate, to appoint
agents and to do all things incident
! to said business.
ARTICLE 3-Capital Stock: The
amount of capital stock of this cor
poration shall be Ten thousand Dol
lars. divided into one thousand shares
of the par value of Ten Dollars each,
payable in cash, or property, labor or
services, at q just valuation thereof
to be fixed by the board of directors
| at a meeting called for such purpose.
! ARTICLE 4-Term. The term for
which this corporation shall exist is
SO years.
ARTICLE 5-Officers: The bust
ness of this corporation shall be con-
Quoted by a president, vice presi-
| dent, secretary, treasurer, and
board Of directors, to be fixed by the
bylaws. The directors shall be chos-
en- annually by the stockholders at the
annual meeting to be held on the sec
ond Tuesday in February OF each
year. The manner Of the choice of
all other officers shall be prescribed
| by the bylaws. The office of secre-
tary and treasurer, and the office of
president and general manager may
! be held by one person. The follow
ing named officers shall conduct the
business of this corporation until
those elected at the first annual meet
ing in 1915 shall qualify: President
and general manager, G. Crompton:
vice president, DR.. l.. r. Hampton:
secretary, John McRae; treasurer,
James Crompton.
| ARTICLE S-Indebtedness: The
highest amount of Indebtedness or il
ability to which this corporation shall
subject itself is 100000.
ARTICLE 7-Subscription: The
names and places of residence of the
subscribers to the capital stock, and
the number of shares of stock sub.
scribed for by each, are as follows:
G. Crompton, Ocala, Fla, 100 shares.
John McRae, Ocala, Fla, so shares.
L. r. Hampton, Ocala, Fla. % shares.
James Crompton, Gainesville, Fla,
so shares.
The State of Florida,
Marion Count:
Before the undersigned personally
came G. Crompton, James Crompton,
John McRae and l.. r. Hampton, to
me we'll known to be the individuals
described in and who subscribed their
names to the foregoing Articles of IN
corporation, and acknowledged to me,
each for himself, that he signed his
name thereto and subscribed for the
amount of capital stock set opposite
! his name.
| In witness whereof, have hereun-
/ to set my hand and official seal this
the 10th day of January, A. D., 1914.
(Seal) PEARL E. ANDERSON.
| Notary Public
| My commission expires February.
1T, 1916. 1-23-5t.